According to Reuters, as the Chinese government continues to strictly control the real estate market, China's steel production and iron ore import growth will slow down next year, which will put pressure on iron ore prices. Despite the slowdown in growth, China's steel output and iron ore imports in 2012 will remain at record highs, indicating that the government is working hard to invest in affordable housing and infrastructure. The median estimate of 12 brokers and industry consultancies interviewed by Reuters is that crude steel production is expected to increase by 5.8% to 728 million tons in 2012, while consumption may rise by 4.6% to 685 million tons. According to the data released by China in the year of November, the steel output in 2011 is 688 million tons, and the apparent demand is 655 million tons. The converted steel output this year is 9.7% higher than the 627 million tons in 2010. Apparent demand This is an increase of 9% from last year's 605 million tons, which is higher than the Reuters survey respondents' estimate for next year's growth. Construction demand accounts for about half of China's steel demand, and analysts say that unless the Chinese government loosens the regulation of the property market, steel demand is unlikely to recover significantly. Since anti-inflation is still one of the top priorities, China is unlikely to significantly loosen its monetary policy, and it is unlikely to launch stimulus measures across the country. "We believe that it is unlikely to launch stimulus measures that use steel in large quantities as in 2008-09. Since the blueprint for infrastructure projects has been used, we believe that there are very few projects that can be speeded up," said Ian Roper, an analyst at CLSA. Said in the report. The slowdown in steel production growth means that the growth of raw iron ore imports in 2012 will slow down to 6%, lower than the estimated increase of about 10% this year.
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