Chinese iron ore miners have called for an anti-dumping investigation into imports of iron ore from top suppliers Australia and Brazil.
More than 20 Chinese miners made a statement on the Metallurgical Miners’ Association of China website which said “a huge volume of low-priced imported iron ore has had a severe impact on the domestic mining industry… ”
Imports accounted for about 85 percent of China’s total iron ore consumption, driving down capacity utilization at domestic iron ore miners and causing losses and shutdowns, the miners’ association said.
China is the world’s biggest steel producer and iron ore consumer, but growing supplies from Australia and Brazil and the low quality of ore mined locally has increased Beijing’s reliance on imports.