China iron ore imports seen growing; tax cuts said needed
Nov 16, 2012 | 10:37 AM
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Tags
iron ore imports,
steel production,
rebar,
wire rod,
pipe,
tax incentives,
Ministry of Commerce,
Chen Kexin
Wang Xiaoqi
HANGZHOU, China — China is expected to import as much as 800 million tonnes of iron ore in 2013, up at least 4 percent from this year, due to higher steel output and constrained domestic iron ore supply.
"Production of rebar, wire rod and pipe are expected to maintain a high growth rate next year, while output of steel products used in railway, such as medium and heavy plate, are expected to grow," Chen Kexin, chief analyst at Distribution Productivity Promotion Center of China Commerce, a research institute that monitors product prices for China’s Ministry of Commerce, told AMM sister publication Steel First.....
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