Chinese iron-ore imports will increase between 1% and 1.5% per year over the next decade said commodities analysts and industry experts attending the Singapore Iron Ore Forum today.
Their predictions may have seemed pessimistic given that teel production in China grew by a healthy 5% to 212m tons during the first quarter of this year, prompting JP Morgan to raise its estimates for 2018 Chinese steel output from 830m tons to 866m tons.
