Demand for iron ore from the side of China rose to the highest level over the past four months

Import of iron ore in China increased to 67 million 200 thousand tons in April with 64 million 600 thousand tons in March, which has become the highest level of consumption of raw materials over the past four months. At the same time, in an annual comparison, iron ore imports increased by 14 percent from 57 million 700 thousand tons in April 2012. This is stated on the website of the Chief Customs Administration of China.

The total amount of iron ore imported by Chinese consumers in the first four months of this year amounted to 250 million tons.

The import of iron ore raw materials was increased due to the growth of production by 7.7 percent in March 2013 to 66 million 300 thousand tons. According to preliminary data from the National Bureau of China Statistics, the production of steel will probably remain at a level above 63 million tons in April.

Due to the increase in demand, iron ore prices with a content of at least 62 percent of iron in the Chinese port of Tianjin, where the largest in China is located wholesale base of plumbing , for yesterday it increased by 1.5 percent to $ 130 per ton.

Meanwhile, according to the General Manager for Marketing the largest mining company in the world of BHP Billiton Ltd. (BHP) Mr. Alan Chirgvin, global supplies of iron ore will grow slightly faster than demand. This will lead to a decrease in prices and a reduction in the volatility of the raw materials used in the production of steel.

"The new production capacities will gradually supplant more expensive production. A significant increase in the supply of inexpensive iron ore from Australia and Brazil will ultimately satisfy, and then exceed a slightly increased demand from China," he says.