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Lower China Steel Demand Growth to Pressure Iron Ore - Baosteel
Jun 4, 2013 14:58Lower steel demand growth in China, the world's largest steel producer, will add pressure to iron ore prices, the head of Baoshan Iron & Steel (Baosteel) said on Tuesday.
Jun. 4 - Lower steel demand growth in China, the world's largest steel producer, will add pressure to iron ore prices, the head of Baoshan Iron & Steel (Baosteel) said on Tuesday.
Baosteel, the country's biggest listed steelmaker, sees China's steel production rising just 1-2 percent in 2013 from a year ago, Chairman Xu Lejiang told reporters at a briefing.
China produced 716.5 million tonnes of crude steel in 2012, up 3.1 percent from year ago.
China steel demand
China iron ore
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