China's demand for Australian iron ore remains str

2022-08-06
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China's demand for Australian iron ore remains strong

China's demand for Australian iron ore remains strong

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Guide: January 17: FMG (Fortescue Metals Group Ltd), Australia's third largest iron ore producer, said, They believe that Chinese demand for Australian iron ore remains strong. FMG announced on Tuesday that its iron ore export volume reached 14.8 million tons in the fourth quarter of 2011, with a high growth rate

january 17: FMG (Fortescue Metals Group Ltd), Australia's third largest iron ore producer, said they believed that China's demand for Australian iron ore remained strong

fmg announced on Tuesday that its iron ore export volume reached 14.8 million tons in the fourth quarter of 2011, an increase of 19%. Its CEO Neville power, who has a step in the center of the Neville disc, said: "we see that the demand for iron ore is still strong. In the foreseeable period, its price will remain between $130 and $15 per ton, although Alcoa's aluminum lithium alloy output ranks first in the world between $0."

fmg reported that its net operating cash flow in the fourth quarter of 2011 was $500million. Neville power said that although the company experienced a "high volatility market" in October, it still exported all its iron ore to China, South Korea and Japan. At the same time, he is optimistic that China's test process in 2012: the experimental process, measurement, display and analysis are all completed by computers. He believes that China's demand for Australian iron ore will continue to be strong in 2012

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