A worker cuts reinforcing bars in a steel factory in Ganyu county, Jiangsu province, China
Media playback is unsupported on your device

Iron ore prices remain strong on demand from China

China's demand for iron ore is playing a major role in keeping the market in the commodity buoyant.

Used in the production of steel, China imported 19 million tonnes of iron ore from Australia in March, a 22% increase on February's figure.

But can this strong price environment be sustained over the long-term? Jay Hambro, chairman at IRC, says yes, and not just because demand is high.

  • 08 Apr 2013