China's rapidly growing national economy, especially the
booming metallurgical industry, brought about over one quarter increase of its
iron ore import, said an official with the Ministry of Communications in
Qingdao, eastern Shandong Province Tuesday.
From January to September, China imported about 250 million tons of iron
ore, the first time that the nation's iron ore import has surpassed 200 million
tons and growing by 25.76 percent on a year-on-year basis, said Fu Jinxiu, vice
director of the ministry's water carriage department's comprehensive
transportation section.
The official said, at an ongoing international symposium on the iron raw
material, that currently China has eight harbors which can hold more than ten
million tons of iron ore.
About 40 million tons of iron ore are stored at China's harbors every day,
thanks to the running of a number of specialized harbors, Fu said.
During the past five years, China built 670 specialized harbors for
containers, crude oil and iron ore. By the end of 2005, the thruput of all
China's harbors reached 2.89 billion tons.
The symposium was regarded by many insiders as a warming up of the
international iron ore price negotiation, which attract great attention of the
world iron and steel industry.
More than 40 Chinese iron and steel companies including Shanghai-based
Baosteel as well as the world top three iron ore providers Australian BHP
Billiton, Rio Tinto and Brazilian Vale do Rio Doce attended the symposium.