Analysis On Iron Ore Supply And Demand In China

Demand for iron and steel in china is soaring with current rapid industrial development and high economic increase year-by-year. The need for a large number of imports from abroad is high. The three iron ore giants monopolize the market for iron ore to make iron ore import situation from further deterioration, resulting in iron ore prices in recent years up to the Chinese steel industry's largest losses, while accompanied by the fourth quarter of 2008 the world focused on highlighting the impact of economic crisis, emergence of the international market supply and demand imbalance, for many years for the situation is less than demand is broken, the iron ore price shocks also the pattern of decline, while China's domestic iron ore production enterprises, close down, reducing supply, demand is not strong, the price volatile, iron and steel enterprises have to reduce prices, there is not the overall balance of supply and demand situation. Therefore, a reasonable analysis of world iron ore supply and demand situation in China and China's iron ore supply deal with problems is essential.This paper summarizes the results of previous studies, systematic analysis of the global iron ore market conditions and future trends and Try from the perspective of sustainable development in the status quo of the world iron ore market, trade, consumption, price trends and supply and demand analysis, based on this summed up the situation of supply and demand in China, and the future iron ore demand in China conducted a preliminary forecast, the first meeting with the status quo formula for bearing capacity of the supply of iron ore resources to carry out the security situation in the quantitative analysis, and for China's iron ore supply problems faced by some of the recommendations put forward.After analysis, that the future of the global iron ore supply and demand situation will remain tense. China's industrialization process in the past is bound to a large number of iron ore consumption and promotes the world's iron and steel industry to development. Therefore, the future situation of supply and demand of iron ore market will remain tight, iron ore demand will remain the situation continues, the overall iron ore prices will likely remain at high, China's iron ore supply will be a serious deterioration in security.At the same time, combined with the economic development of China's current status and in 2020 completed the industrialization of the national planning and future demographic trends, China's steel demand is expected to appear in the inflection point in 2015 before and after the arrival of the United States from the second half of 2007 the impact of sub-loan crisis and 2008 exacerbated by the global financial crisis, China's rapid growth trend of iron ore may have changed, although the countries of the iron and steel industry to strengthen macro-control efforts, And increased efforts to stimulate domestic demand in China, but its growth rate of consumption of iron ore is likely to decrease by 2020 China's total iron ore consumption is about 1.6 billion tons, mainly dependent on imports of iron ore imports will increasing year by year. Dependence on iron ore resources in China is facing more than 50%, the need to strengthen the Geological Survey to improve the science and technology to develop recycling economy and the strengthening of national macro-control, the implementation of national strategic reserves of iron ore resources.