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China Armco Metals, Inc. Common Message Board

  • omarhatesyoutube omarhatesyoutube Apr 9, 2013 7:13 AM Flag

    Iron ore prices remain strong on demand from China

    China's demand for iron ore is playing a major role in keeping the market in the commodity buoyant.

    Used in the production of steel, China imported 19 million tonnes of iron ore from Australia in March, a 22% increase on February's figure.

    But can this strong price environment be sustained over the long-term? Jay Hambro, chairman at IRC, says yes, and not just because demand is high.