According to SteelOrbis, citing China's National Bureau of Statistics, in January-April 2026, China reduced iron ore production by 1% year-on-year to 326.78 million tons. In April alone, output reached 82.84 million tons, which is 3.5% less than a year ago but 4% more compared to March. These figures reflect more restrained dynamics in the raw materials segment amid cautious sentiment in the country's steel market.
Balance of Raw Materials and Production in China's Metallurgy
The reduction in domestic mining is occurring simultaneously with an increase in iron ore imports. For the period of January-April, China increased raw material imports by 8% year-on-year to 418.6 million tons, indicating a continued high dependence on external supplies. For the global market, this means that even minor changes in China's domestic production are quickly reflected in international market conditions.
At the same time, Chinese steelmakers reduced steel output by 4.1% YoY to 331.12 million tons over the four months. In April, steel production reached 83.63 million tons, down 2.8% from a year earlier, while pig iron output fell by 3.1% YoY to 282.28 million tons. An additional signal for the market is the 9.7% YoY reduction in rolled metal exports to 34.2 million tons, indicating weaker external and domestic demand.
Impact on the Steel Market and Procurement Solutions from winox.ua
In April, prices for imported iron ore in China fluctuated within a narrow range, generally rising by mid-May. However, the market is currently recording a decline in quotes due to weak demand from end consumers and falling prices for rolled products in China. For manufacturers, traders, and metal consumers, this means maintaining high sensitivity to short-term changes in the balance of supply and demand.
For industrial companies, such dynamics serve as an important benchmark when planning the procurement of metal products and raw materials. During periods of unstable market signals, winox.ua helps clients maintain supply predictability by offering reliable deliveries of rolled metal, stainless steel, and non-ferrous metals for production needs. This approach allows businesses to adapt faster to price fluctuations and avoid halting operational processes.
From a practical standpoint, the current statistics from China may influence procurement strategies throughout the entire supply chain. If steel demand in the PRC remains weak, pressure on finished product prices may persist, while imported raw materials will remain a key factor for production costs. This is why the market needs not only real-time data but also reliable suppliers capable of ensuring stability during periods of volatility.