Sunday, 11 Dec 2011
China Knowledge reports according to China new steel industry blueprint for its 12th 5 year Plan estimates it could go as high as 1.13 billion tonnes over the next three years.
1. Last year, China consumed 920 million tonnes of iron ore. The country imported 618 million tonnes of iron ore from 40 countries last year, which accounted for 67% of the total consumption up from 35% ten years ago.
2. In the first ten months, China iron ore imports grew 10.9%YoY and its domestic output of the mineral grew at a fast pace of 26.4%.
(sourced from Mining.com)
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