BEIJING Chinese demand
for imported iron ore is expected to increase 3.5 percent to
770 million tonnes in 2013, China Iron and Steel Association
(Cisa) deputy secretary-general Li Xinchuang said.
Iron ore demand in general is
expected to rise 5.7 percent to 1.11 billion tonnes this year,
he said Feb. 27 at the China Iron Ore conference sponsored by
AMM sister publication Metal Bulletin. China
imported 744 million tonnes of iron ore in 2012, up 8.4 percent
from the previous year.
Taking into consideration
stockpiles at ports, imported iron ore accounted for 72 percent
of Chinas total consumption last year, Li said.
Cisa expects crude steel output to total 746 million tonnes
this year, up 4 percent from 717 million tonnes in 2012. The
countrys steel capacity is now around 970 million tonnes,
A version of this article was first published by AMM sister
publication Metal Bulletin.