SHANGHAI, June 4: Lower steel demand growth in China, the world’s largest steel producer, will add pressure to iron ore prices, the head of Baoshan Iron & Steel (Baosteel) said on Tuesday.
Baosteel, the country’s biggest listed steelmaker, sees China’s steel production rising just 1-2 percent in 2013 from a year ago, Chairman Xu Lejiang told reporters at a briefing.
China produced 716.5 million tonnes of crude steel in 2012, up 3.1 percent from year ago.
(AGENCIES)
Trending Now
E-Paper
Follow our WhatsApp channel