03
Dec
00:00
Chinese demand will keep growing, slowly, in 2015: MPI
Although China’s crude steel production growth is slowing, it demand for iron ore is likely to continue to grow steadily, according to the latest Metallurgical Industry Planning and Research Institute (MPI) forecast. Iron ore prices would likely stay in the $70-80/tonne range for most of next year however, it adds.
China’s total iron ore demand will reach 1.157 billion tonnes of 62% Fe equivalent in 2015, up 1.67% year-on-year, MPI says. This is …
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Anonymous
Very good overview of the weekly steel market.
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