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You are here: Home → Archive → 2009 → August → Weekly Edition 20th of August 2009 → Star Bulk predicts 35% increase in ore demand

Star Bulk predicts 35% increase in ore demand

by Michelle Wiese Bockmann, London — last modified Aug 20, 2009 03:52 PM

NASDAQ-listed Star Bulk Carriers says China’s “insatiable” hunger for iron ore could push up imports to 600m tonnes in 2009, up 35% on last year.

The forecast, provided to investors at a second-quarter conference call, was more than 80m tonnes higher than estimates also released last week by Norton Rose.
The US investment bank anticipated Chinese seaborne ore imports would rise, but only to...

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