Majority of China's iron ore mines run at a loss

摘要

Depressed iron ore prices, currently around $55/t, mean three-quarters of China's producers are incurring losses and capacity utilisation rates at smaller operators were as low as 20% at the end of last year, an industry conference was told.But that would be a good thing for the market, Yang Jiasheng, chairman of the Metallurgical Mines Association of China (MMAC), said, as bigger producers in China would have to restructure and cut costs.