Luo Bingsheng
Luo Bingsheng
china dramatic expects global iron level previous price return
China expects the 2006 global iron ore price to return to the level previous to the dramatic price hike.
exceed hurt output produce
If we produce more than the target, the output will exceed demand, which will hurt everybody's interests.
good opportunity problem promote provided steel
The overcapacity problem has provided a very good opportunity to promote restructuring in the steel industry.
aware countries disputes expected grow growth hope rapid resolve rows steel trade
We are aware that our trade rows with other countries are expected to grow with the rapid growth of China's steel exports. We hope to resolve disputes through negotiations.
capacity caused excessive high last price record steel year
Last year was a record high for China's steel industry, but the excessive capacity also caused big price fluctuations in the market.