Chinese iron ore demand growth poised to slow in '06, agency says

Nov 28, 2005 | 08:48 AM | Hongmei Li

China's increasing demand for iron ore will slow next year as steelmakers shutter inefficient production capacity and domestic prices remain sluggish, according to the Chinese government.

While market forces will dictate the results of upcoming benchmark price negotiations, it's impossible for Beijing to "show no concern" should there be another price increase, the National Development and Reform Commission (NDRC) said in a statement, recounting a meeting with BHP Billiton earlier this month.....

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