Podcast: Booming Chinese Steel Production

About the author:

Michael Knox
Author name:
By Michael Knox
Job title:
Chief Economist and Director of Strategy
Date posted:
27 September 2018, 1:30 PM

The past 15 months have seen the biggest rise in Chinese steel production since 2009. This lifts demand for Australian metallurgical coal and iron ore.

​I discussed this in my latest presentation to the network.

"China is overwhelmingly the biggest steel-producing country in the world. It alone produces more than half of all of the steel that is produced in the world. It's monthly production is bigger than the annual production of most European countries.

"When we understand that, what we begin to understand is that what is happening in China is essential to determining the price, not just of iron ore but of metallurgical coal."

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