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Chinese industry sees iron ore imports stalling in ’09

Posted on 13 November 2008

From Livemint.com: China’s iron ore imports may fail to increase next year for the first time since at least 1999 because of slowing demand from steel mills, an industry group said.

Imports may remain at 400 million tonnes (mt) next year, unchanged from 2008 levels, Zou Jian, chairman of the China Metallurgical Mining Enterprise Association, said. The demand slump will show up in import figures in the next two months, he said……. Full Article: Source


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