Australian
iron ore development company
BC Iron has said that stronger
iron ore prices and lack of decline in Chinese steel production, typically associated with the December quarter, supports a robust long-term
iron ore outlook. Additionally, China's GDP growth is expected to remain strong at approximately 7.5 percent in 2014.
For the financial year 2013-14,
BC Iron expects to produce 5.8-6.2 million mt of
iron ore from its Nullagine
iron ore joint venture. In the September quarter the company shipped 1.62 million mt of
iron ore, while in October it loaded three ships, each with over 200,000 mt of
iron ore.