China's steel output to approach 1 bln tons a year by 2015 - Australian official |
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Wed, 31 Oct 2007 09:17
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DALIAN, China (XFN-ASIA) - China's steel output, already the world's largest, is expected to rise to nearly one bln tons per year by as early as 2015, said an Australian government official.China, which this year is expected to produce around 480 mln tons of steel, is seen doubling that figure to nearly one bln tons within eight years, said Stuart Smith, deputy secretary general of Western Australia's Department of Industry and Resources.Speaking at an industry conference here, he said his state, Australia's largest producer of the major raw materials used in steelmaking, is hoping to tap around half of China's iron ore import market by that time.Smith said China is expected to import a total of over 800 mln tons of iron ore in 2015, mainly from Australia, Brazil and India, with imports comprising well over half of China's total iron ore demand then.andrew.pasek@xinhuafinance.com-xfnfn/xfnjanmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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