Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The slowdown in the growth of Chinese steel production has resulted in large-scale reductions in its iron-ore requirements, which has had a significant impact on the viability of new West Africa-based iron-ore projects and the expansion of existing projects, says international research firm Wood Mackenzie. Wood Mackenzie’s gross domestic product outlook for China this year is 7.1%.
The slowdown in the growth of Chinese steel production has resulted in large-scale reductions in its iron-ore requirements, which has had a significant impact on the viability of new West Africa-based iron-ore projects and the expansion of existing projects, says international research firm Wood Mackenzie. Wood Mackenzie’s gross domestic product outlook for China this year is 7.1%.
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