FMG 3.35% $25.59 fortescue ltd

china reduce demand by......

  1. 953 Posts.

    ....... a whopping 20 million.....

    China seen to import 400m tonnes of iron ore in 2009


    Singapore 13 November 2008 07:45


    China is expected to import 400 million tonnes of iron ore in 2009, slightly lower than this year, according to Zou Jian, vice-chairman of China Mining Assn. "China's iron ore imports this year will amount to 410-420 million tonnes, and next year's import volume will be slightly lower than this, around 400 million tonnes, as part of this year's imports will be consumed next year, and the country's steel production is expected to grow very slightly," he told MB. For the first 10 months of the year, China imported 376.69 million tonnes...

    .........................................................

    That is if you believe everything you read...............
    Magikol
 
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