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Mining Weekly reported Kumba Iron Ore (FWB:KUI) said the long-term iron ore outlook is good with demand expected to improve.
Mining Weekly reported Kumba Iron Ore (FWB:KUI) said the long-term iron ore outlook is good with demand expected to improve.
As quoted in the market news:
Global demand for iron-ore would remain dependent on steel manufacturing in China, which accounted for more than two-thirds of demand, but which had had a relatively subdued second half during 2011.
China’s crude steel production slowed towards year-end on lower steel prices and slower steel demand and was down 7% in the second half of the year compared with the first half.