Iron ore imports decline
By Zhang Qi | China Daily | Updated: 2010-12-14 08:04
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Bales of steel wire at a steel wholesale market in Shanghai. The rising price of imported ore has driven Chinese steelmakers to turn to domestic supply. Qilai Shen / Bloomberg |
BEIJING - Imported iron ore will account for 60 percent of China's ore consumption this year, down 2.4 percent from 2009, the first drop in recent years, thanks to rising domestic ore production, an industry official said.
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