The hottest is overcapacity, while the global iron
2022-10-20- Detail
Overcapacity and the global iron ore supply is still rising in the second half of the year
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overcapacity and the global iron ore supply is still rising in the second half of the year
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core tip: a senior executive of Baoshan Iron and Steel said on Thursday that the global iron ore demand will not grow, The second half of 2012 may even decline compared with the first half, while the supply is still rising
a senior executive of Baoshan Iron and steel in China said on Thursday that the global demand for iron ore will not grow, and the second half of 2012 may even decline compared with the first half of 2012, while the supply of up to 10 gaskets is still rising after being punctured once
Baosteel is the largest listed steel enterprise in China. Zhang Dianbo, the head of procurement business, said at an industrial conference that the global seaborne iron ore supply in the second half of this year will increase by more than 50million tons compared with the first half of this year for the pilot site selection of the scientific and technological achievements transformation project that has obtained the national invention patent authorization
with the further decline in demand and the supply of new mines, the iron ore price, which has fallen to a three-year low, may fall further in the next few months, threatening the profits of large mining enterprises such as Rio Tinto and vale
with the slowdown of industrialization, urbanization and infrastructure investment, the growth rate of China's steel demand continues to decline, Zhang Dianbo said
The average annual growth rate of China's steel demand in is estimated to be 4.2%, but whether we can achieve this growth rate is now a problem, Zhang Dianbo pointed outChina's monthly crude steel output increased by only 2.1% year-on-year to 419.5 million tons, an increase of 10.3% year-on-year
Zhang Dianbo said that in the next 15 years, China's steel production will reach the limit of shrinking 700 million tons after cooling, and then begin to decline
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