Last Updated :
08 December 2011 at 15:35 IST
China iron ore demand to jump 20% in 4 years: MIIT
BEIJING (Commodity Online): China's robust iron ore consumption will continue pushing up demand for the commodity, the Ministry of Industry and Information Technology (MIIT) said on Thursday.
Iron ore demand will jump by 20% within 2015 to 1.13 billion tonnes. And despite government efforts to dissociate the economy from infrastructure strength, the new policy will take some time to take effect. And during this period, steel and iron ore consumption will continue grow at robust rates.
MIIT estimates Chinas' peak steel consumption of 770-820 million tonnes to occur within 2015-2020
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