According to the data released by NBS (The National Bureau of Statistics), China produced 132.413 million metric tons of iron ore in October, increasing by 41.4% year over year. Meanwhile, during the given period Chinese overall steel product output had risen by 13.4% as compared to the corresponding period of previous year to 73.07 million metric tons. In addition, Chinese crude steel production reached 54.673 million metric tons, swelling by 9.7% year over year.
From the above data, we could feel that China has already accelerate the steps to improve its domestic iron ore production, which is of paramount importance to the development of Chinese entire steel industry in the long run.