(Bloomberg) -- China, the world's largest iron ore buyer, may boost imports as much as 20 percent this year as demand rises, the head of the China Metallurgical Mining Enterprise Association said, doubling a forecast from December.
Overseas purchases of the steelmaking raw material may surge as China exported more steel products, Zou Jian said in an interview today, without giving a precise estimate. The nation's ore imports would gain 10 percent in 2007, Zou had said Dec. 21.
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