the Chinese market will continue to be good export of Australian iron ore

• 来源：骏楠官网
• 作者：骏楠管理员
• 日期： 2017-02-14

      Fotis Chu said the Australian Metal Group CEO Neff Bauer before the China maintain rapid economic growth and government capacity to act effectively, will continue to export to Australia iron ore and the formation of good.
      Asia, especially China, is an important market for raw materials and other export industries in australia. China's steel demand is strong support for the development of the Australian iron ore industry, Bauer said, China is the largest and fastest growing steel market in the Asia Pacific region, and the emergence of new product demand."
      Fotis Chu is the world's fourth largest iron ore producer, about 95% of the products exported to china.
Bauer said that China's rapid economic growth, is promoting urbanization and industrialization, especially in the central and western provinces, will promote China's steel demand remains strong."
For China's steel production capacity is currently being implemented measures, Bauer think this is good news. We want to see (China) more successful, profitable, to meet the market demand of the steel industry. Any measures to improve efficiency and productivity will ultimately be beneficial to us, "he said.
Focus on the Chinese market, the Fotis Chu group's 2016 fiscal year earnings report, in the fiscal year ended June 2016, the group's net profit after tax of $985 million, compared with $316 million in the previous fiscal year, an increase of $212%.
      Bauer said that the Chinese government has recently cracked down on illegal production of steel industry, will make more room for large integrated steel production. These illegal production are serious pollution, low production efficiency problems, to clean up will make future production more efficient and cleaner.
Bauer said that China is a very important investment in australia. Australia has a lot of successful Chinese investors, and is still growing. "Fotis Chu has attracted a large number of Chinese, Hunan Valin Iron & Steel Group holds 15% stake in Fotis Qiuyue. This is one of the most successful investment in China's steel enterprises."
      He said that the steel industry chain upstream and downstream investment opportunities still exist, for China's steel industry, the upstream investment is very important. "We welcome Chinese enterprises' investment in Australia, which is beneficial for both sides".