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China Iron Ore Demand May Falter As Steel Recycling Grows

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China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantled or crushed. That should push Chinese steelmakers to use more of the material in coming years, potentially sapping demand for steel ingredient iron ore from the world's biggest metals consumer. Faltering appetite for iron ore could hit a critical lifeline for international mining giants which have banked on China continuing to suck up hundreds of millions of tons of the most widely traded bulk commodity. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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