China iron ore demand to grow in 2015 in part due to lower prices
BEIJING – A report released by the China Metallurgical Industry Planning and Research Institute says China’s iron ore imports are predicted to grow on-year by 6.4% to around 1 billion metric tonnes next year, driven by lower commodity prices and growth in domestic demand. The report also points out, however, that the growth rate is significantly lower than 2014’s estimated 14.7% on-year increase, due to declining GDP and other downward pressures on China’s economy.