Frankfurt: China's iron ore imports may reach one billion tonnes over the next couple of years and are anticipated to represent a peak; imports are in fact projected to subsequently fall by around 40% by 2030, according to Deutsche Bank (DB).
China's iron ore import growth is expected to continue until 2018, assisted by the withdrawal of marginal domestic Chinese iron ore production over the next several years.
Beyond 2018, the combination of a peak in overall steel consumption and the growth in EAF capacity as setting the stage for a secular contraction in seaborne iron ore requirements, forecasts DB. [11/03/13]
