• 2012 December 6 10:43

  China iron ore demand to grow 7.5% in 2013: Bimco

  

  China’s iron ore demand is forecast to grow 7.5% next year, with stronger coal imports also expected according to Bimco, Seatrade Asia online reports.
  
  Demand for steel for property construction, infrastructure and machinery are set to drive China’s iron ore demand in 2013 with 7.5% growth compared to 6.4% this year, boosting demand for dry bulk shipping.
  
  “As we are heading into 2013, iron ore demand from the world’s largest consumer, China, is likely to provide a solid lift in demand alongside coal imports in Asia,” said Peter Sand, chief shipping analyst for Bimco.
  
  A record high since January 2011 of Chinese iron ore imports in September this year also indicates growing demand from China.
  
   

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