Iron ore demand in China, the world’s largest importer of the commodity, will rise next year as Beijing’s power cuts for the steelmaking sector start to fade, according to industry executives.
The upbeat outlook came after small- and medium- sized Chinese steel mills suffered recently amid an electricity clampdown aimed at meeting Beijing’s energy efficiency targets.
But senior industry executives at the annual meeting organised by the China Iron and Steel Association in Dalian said their mills were no longer being affected by the energy cuts.
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