Kumba is expected that in 2011 the seaborne iron ore demand is still strong_Steel News_News

Kumba is expected that in 2011 the seaborne iron ore demand is still strong

Release Date:2012-05-05 Hits:157
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In 2010

Kumba Sishen mine production amounted to 41.3 million tons from 39.4 million tons in 2009, Thamazimbi mine production is down 19 percent to 200 million tons, Kolomela mine is expected to put into operation by the end of the first half of 2012.

2011 international iron ore supply and demand balance remains tight World steel pipe network editing , which will ore price to support the formation of

Griffith, said world pie network information .

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Kumba seaborne iron ore exports increased by 1.9-36.1 million tons in 2010, 34.2 million tons in 2009. Among them, China's export volume accounts for 61% of the total, down slightly from 75 percent in 2009.

South Africa, Kumba Iron Ore CEO Chris Griffith, said China's crude steel production is expected to grow by 5% -10% in 2011, the domestic iron ore production growth in the limited space, so the Chinese imported ore demand remains strong .

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