Lower China steel Demand Growth to Pressure Iron Ore - Baosteel

  • Wednesday, June 5, 2013
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  • Keywords:steel,iron ore
[Fellow]Lower steel demand growth in China, the world's la
[Ferro-alloys.com](Reuters) Lower steel demand growth in China, the world's largest steel producer, will add pressure to iron ore prices, the head of Baoshan Iron & Steel (Baosteel) said on Tuesday.
 
Baosteel, the country's biggest listed steelmaker, sees China's steel production rising just 1-2 percent in 2013 from a year ago, Chairman Xu Lejiang told reporters at a briefing.
 
China produced 716.5 million tonnes of crude steel in 2012, up 3.1 percent from year ago.
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