Australia, Brazil into a mainstay

Data show that in the first half of China's imports of iron ore concentration increase. Among them, Australia,carbon steel pipe fitting lr elbows 45 degree Brazil's total imports of iron ore 220 million tons, accounting for 68.4% of all imports, is expected to top 70% throughout the year.

China metallurgical mines association secretary-general Liu Xiaoliang pointed out that in the first half of this year, Brazil's main and declining market share, in the rainy season, port inspection and quality at the same time, also with its focus on cost reduction and improve the production efficiency, to the "whole". He expected the second half of the year and next year, the Brazilian iron ore production, will be greatly improved.

It is worth mentioning that in the first half of this year, the Australian ore imports accounted for from 45% in the first half of last year, to 50%, increased by 5%,pipe fitting 45 degree LR elbows "import increment part basically all comes from Australia.Affected by commodity price cut, he notes, the Australian dollar against the us dollar fell to 1.03 from 0.896 in March, the accumulated depreciation of 13% or more, "ore prices fall, the Australian mining companies operating not only no adverse effect, on the contrary, also highlighted the resource advantage of Australia's major mining companies, increased market share".

"It also shows that the pace of Australia and other countries to expand capacity, further speeding up,black carbon steel butt welded concentric reducer and these low-cost minerals can release, pressure on China's iron ore companies, will further increase."In addition, the data shows, in the first half, China's former top ten iron ore importing countries (Australia, Brazil, South Africa, Iran, Indonesia, Ukraine, Canada, Malaysia, Russia, Peru) in total imports of iron ore 335 million tons, accounting for 87.2% of the total imports. "Top 10 countries of the market share in the lower, suggesting that import multiple trend is emerging."

Export amount is greatly reduced,cold drawn carbon steel pipe at the same time, India accounts for only 1.42% of market share that was down more than 13% in the first half of 2011. India, South Africa as the third largest country in China's imported iron ore.