It was learned from a recent forum that in the first half of the market, China’s iron ore re-dominated the world’s iron ore demand, but the growth rate slowed down significantly. Faced with rising domestic inflationary pressures, tightened monetary policy, and adjustments to real estate, iron ore demand growth is expected to continue to slow in the second half of the year, and stagnation may even occur.
It is understood that due to the strong rebound in global demand in 2010, major international mining companies have increased production, and the monopoly of the three major mining companies has been challenged. In the first half of this year, the quantity of imported iron ore in China has increased from low to high, and the import structure has continued to change. As the demand for iron ore in the European Union has weakened, a large amount of Brazilian iron ore has returned to the Chinese market. At the same time, China's imported iron ore also tends to diversify.
As far as the world is concerned, from January to May, under the influence of the sovereign debt crisis and inflation, the European Union’s demand for iron ore increased by only 0.35%; the six countries of the Commonwealth of Independent States only increased by 0.58% year-on-year; Japan was affected by the earthquake disaster and the economic downturn. Ore demand fell by 0.9%. Taken together, in 2011, China was the main force for world iron ore demand growth. From January to May, the global demand for new iron ore was 31.5 million tons, of which 21.9 million tons came from China, accounting for 69.5%. In 2010, the world's iron ore demand increased by 210 million tons, China increased by 74 million tons, accounting for only 35%.
It is understood that from January to May this year, China's pig iron production 266.96 million tons, equivalent to 42.313 million tons of iron ore demand, an increase of 5.4% over the same period in 2010. Experts predict that this year's national iron ore demand will exceed 1 billion tons. Compared with the growth rate of 8.5% in 2010 and 15.5% in 2009, the growth rate in the first five months of this year has obviously slowed down.
It is understood that due to the strong rebound in global demand in 2010, major international mining companies have increased production, and the monopoly of the three major mining companies has been challenged. In the first half of this year, the quantity of imported iron ore in China has increased from low to high, and the import structure has continued to change. As the demand for iron ore in the European Union has weakened, a large amount of Brazilian iron ore has returned to the Chinese market. At the same time, China's imported iron ore also tends to diversify.
As far as the world is concerned, from January to May, under the influence of the sovereign debt crisis and inflation, the European Union’s demand for iron ore increased by only 0.35%; the six countries of the Commonwealth of Independent States only increased by 0.58% year-on-year; Japan was affected by the earthquake disaster and the economic downturn. Ore demand fell by 0.9%. Taken together, in 2011, China was the main force for world iron ore demand growth. From January to May, the global demand for new iron ore was 31.5 million tons, of which 21.9 million tons came from China, accounting for 69.5%. In 2010, the world's iron ore demand increased by 210 million tons, China increased by 74 million tons, accounting for only 35%.
It is understood that from January to May this year, China's pig iron production 266.96 million tons, equivalent to 42.313 million tons of iron ore demand, an increase of 5.4% over the same period in 2010. Experts predict that this year's national iron ore demand will exceed 1 billion tons. Compared with the growth rate of 8.5% in 2010 and 15.5% in 2009, the growth rate in the first five months of this year has obviously slowed down.
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