Recently, the price of imported iron ore continues to fall. However, under the backdrop of high domestic steel demand, iron ore prices may remain high and it is difficult to usher in a downward turning point. Li Xinchuang, the deputy secretary-general of the China Iron and Steel Association (hereinafter referred to as China Steel Association), said in an interview with the China Economic Net reporter that the China Steel Association expects that China's crude steel production this year will continue to increase on the basis of 626 million tons last year. The total amount may exceed 680 million tons. The recent decline in the price of imported iron ore can hardly be called the “decline inflection point†and iron ore prices are still high. According to the statistics of the China Iron and Steel Association, China's steel production this year reached a record high in the middle of May, reaching 1.98 million tons per day. Li Xinchuang said that although China controls the increase in steel production, China’s domestic steel demand will remain high under the mode of investment driving economic growth. Moreover, the significant increase in global competitiveness of China's manufacturing industry will further stimulate steel consumption. "In the future, China's domestic steel demand will continue to grow rapidly." The "Xinhua-China Iron Ore Price Index" shows that as of May 23, China's iron ore price index with 63.5% of imported grades was 184, down 3 units from the previous month; the 58% grade iron ore price index was 153. Drop 3 units. Some analysts believe that the iron ore market's weak trend is related to its huge inventory to a certain extent. According to the data, the inventory of iron ore in China's ports was 92.46 million tons, close to the high level at the beginning of the year. Citigroup Global Bank anticipates that supply and demand for iron ore will remain tight until 2014, when iron ore will enter a state of oversupply as a large number of new iron ore projects are put into production. Surface Mounted Pool Led Lights,Ss304 Housing Led Lights,Underwater Spa Led Light,Swimming Pool Led Lamps Guangzhou Qshine Pool Lights Manufacture Co., Ltd , https://www.gdqshinepoollight.com