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Dec
3
China’s 2009 iron ore imports expected to hit 600m tones
December 3, 2009 | Leave a Comment
China’s imports of iron ore for the whole of 2009 are expected to reach 600 million tonnes, up by more than a third compared with last year, the Ministry of Industry and Information Technology said on Thursday.
In a statement, the ministry said total crude steel output was expected to reach a record of 571 million tonnes by the end of this year.
Total iron ore imports by the end of October stood at 514.8 million tonnes, up 36.75% compared with the same period of 2009.
China imported a total of 443.7 million tonnes of iron ore over 2008, and produced 500.49 million tonnes of crude steel.
The ministry, ahead of a conference on overcapacity problems in Chinese industry, said total production capacity at China’s steel mills had already reached 700 million tonnes.