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China steel industry development promotes the global iron ore demand

time2013/10/11

Iron ore almost exclusively used in ironmaking, therefore, the steel production directly determines the demand of iron ore. The period 2000-2012, the global crude steel production increased by 700 million tons, with China increased by 439 million tons. China's economic development not only promote the rapid development of the domestic steel industry, but also push the world steel industry recovery.

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