Imports of iron ore hit record in March China’s steel industry overestimated the country’s demand for iron ore and as a result imported a record high amount of the material in March. A surge of domestic steel output and price increases in the beginning of 2009 raised market expectations. Many domestic steel mills and traders increased orders for iron Imports of iron ore hit record in March China’s steel industry overestimated the country’s demand for iron ore and as a result imported a record high amount of the material in March. A surge in domestic steel output and price increases in the beginning of 2009 Many domestic steel mills and traders increased orders for iron