China Tells

China is world’s largest steel producer and consumer (See Graph from Chinatells). The strong growth of China’s steel demand is likely to continue into 2010. Such a growth prospect makes all the global iron ore producers put a great deal of their attention to China’s market (See Article from WSJ). With the global economy looking likely to walk out of the ’08 Financial crisis, China’s export is perceived to have a potential to grow (See Graph from Chinatells), and therefore the demand of steel gets a lot of bullish sentiment. Hopefuly such a demand growth also improves the negotiation power of China’s steel makers.

中国钢铁需求在全球经济不景气的时候逆境而上，屡创新高。现在全球经济似乎有复苏迹象，因此中国的钢铁需求更加可能快速增长。如此快速的增长也将改变铁矿石进口商，钢铁厂和澳大利亚以及巴西的大铁矿之间的谈判平衡。中钢协曾经几次试图利用中国需求来影响国际铁矿价格，到目前为止收效甚微。2010年中钢协有啥新办法令人拭目以待。