The extensive exploration of iron ore in China
8 March, 2013 at 5:57 am in Computer
Nowadays, the prosperity of one country depends on rising technology that can not only save energy and take use of energy to the best, but also protect environment. At present, the demand for iron ore and other mineral materials push the expansion of mining machinery industry such as crushers gradually. The development is embodied in both market and thchnology. Thus, the mining machinery industry can go forward to the further and keep sustainable developmemt.
Iron ore is one of the main raw material in steel production, and its development status has a very great impact on steel development. While the development of steel can promote development of iron ore. Chine is a big country to produce steel, and also has great consumption power on iron ore. Along with the rapid economic development in China, the demand for iron ore increases in a high degree.
Shanghai, Tianjin and Beijing are export-oriented cities, and steel usage amount has reached the level in developed countries such as South Korea, but really attractive is that the demands of China's inland provinces and cities just beginsto rise. At present, China steel consumption per capita in the Midwest is even less than half of the coastal areas. In order to narrow the gap between the rich and the poor, the Chinese government adds to the construction of infrastructure investment in the west region, and the policy will also pull steel demand. China will continue to drive global demand for iron ore for a period of in future, and also open up the iron ore market in the West.
'In the September-October period demand usually picks up and we expect steel output rates to accelerate, which is positive for iron ore demand,' Commonwealth Bank of Australia said in a report.
Of course, China demand of iron ore has depressing period, but in the long run according to current situation, it won't stop the development of future iron ore market. Yesterday's drop was a knee-jerk reaction to the move. I think by now many in China are so used to these things they have learned to work with it. Outlook for steel demand is still bright,' said an iron ore trader in Shanghai, 'There's absolutely no weakening in the market. Demand is strong, especially for low-grade ore, which brings down mills' costs dramatically.'
The expansion of iron ore industry in the western market needs promotion of the machinery industry. In the mining exploitation, utilization and processing, crusher, sand making machine, finely machine, milling machine, crushing equipment are necessary in the machinery industry, and also donate the dominant position. The series of equipment processes raw ore into finished materials required by mutiple industry. So the iron ore market development does not only drive the machinery industry development, but also lead the development of the crushing equipment like crushers.
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