Economic Calendar

Wednesday, August 12, 2009

China Iron-Ore Import Growth ‘Too High’ This Year, Official Says

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By Bloomberg News

Aug. 12 (Bloomberg) -- China’s iron-ore import growth of 31 percent in the first seven months of this year was “a bit too high” and worrisome, Vice Commerce Minister Fu Ziying said at a briefing in Beijing today. He cited “irrational” behaviour by importers in the context of steel overcapacity in China.

To contact the reporter on this story: Paul Panckhurst in Beijing at ppanckhurst@bloomberg.net




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