Analysis Of China’s Iron Ore Demand Based On The Urbanization Perspective

Iron and steel industry is the important basic industries, steel industry iron ore isthe main raw material. Iron ore resources in recent years evolved into restricting thesustainable development of China’s steel industry as a decisive factor. Reasonably becharacterized to determine the pattern of future Chinese demand for iron ore, iron oredemand for accurate quantitative prediction of a study can not be ignored.This paper first outlines the status of iron ore resources at home and abroad,through the world and the distribution of China’s iron ore reserves, production andconsumption aspect to the comparison, pointing out that China’s iron ore resources inthe current poor quality, low endowment, difficult harvesting conditions, the domesticiron ore production growth of China’s steel industry can not meet the demand for ironore, a huge gap between supply and demand of iron ore imports to make up. Then, thefocus of analysis from a microeconomic point of impact of China’s iron orerequirements of the two factors: China’s urbanization process and scrap, concludedthat: in the foreseeable future and promote China’s urbanization process of long-termeconomic growth, difficult to effectively replace scrap iron into. Finally, each graysystem theory, multiple linear regression model, single-layer radial basis functionneural network, multi-stage radial basis function neural network and forecastcombination, the12th Five-year period China’s iron ore demand and the results wereanalyzed, the results Display: China’s iron ore demand continued to show growth, butgrowth declined.