Baoshan Iron and Steel Co., LTD. (Baoshan Iron & Steel Co., 600019. SH, hereinafter referred to as: baosteel) chairman wen-bo he said on Friday that China's demand for crude Steel this year grew by 2.9% year on year, to 737 million tonnes. Wen-bo he said in an online investor conference, investment in fixed assets is still in promoting China's economic growth, but the manufacturing recovery remains weak. Guo-qiang ma baoshan iron & steel general manager said at the meeting, the company this year's steel output will reach 22.56 million tons, flat compared with last year. Guo-qiang ma said that China's steel demand in the second quarter is unlikely to be more than in the first quarter, compared with the first quarter, second quarter of baosteel profit without much change. The company said on Thursday that in the first quarter net profit of 1.63 billion yuan, up 34% from a year earlier. Guo-qiang ma also said that the global iron ore prices this year will likely be wandering around $130 a tonne.