China is the largest importer of iron ore in the world, accounting for about a third of the global market. China's iron ore production increased 22% to 1,071.6 Mt in 2010. The iron and steel industry in China has been stimulated by strong domestic demand, particularly from the construction industry, manufacturing and automotive sectors, hence the rapid growth of the iron and steel industry in recent years. The government reduced the resource tax on iron ore by 40% for those vertically-integrated entities involved in both mining and metallurgical processing. The tax reduction was in line with the government's policy to promote integrated iron and steel operations, balance the tax burden among different enterprises and encourage competition.

China has extensive reserves of iron ore, but the quality and the ferrous content are not good enough. The iron content in Chinese mines is in the range of 20-40%, compared to over 60% in Brazil, India and Australia. China's iron ore deposits are concentrated mainly in the northern and northeastern provinces of the country. The provinces of Hebei, Liaoning and Sichuan have combined iron ore reserves of 13.5 billion metric tons.

Key Topics Covered:

1. Executive Summary

2. Introduction to Iron Ore Mining in China

3. Production Statistics of Iron Ore in China

4. Consumption of Iron Ore in China

5. Iron Ore Reserves in China

6. Iron Ore Trade in China

7. Factors Impacting the Iron Ore Industry in China

8. Regulatory Framework

9. Major Industry Projects

10. Major Industry Players

11. Glossary

Companies Mentioned:

For more information visit http://www.researchandmarkets.com/research/7c24c2/iron_ore_industry