The relationship between iron consumption and economic development

This article focuses on the subject of iron ore. Though analyzing the relationship between iron ore consumption and economic development about China and American, it is found that the per capita consumption of iron ore in China was too early, which is not conducive to economic development. Through elaborating the relationship between the consumption and the industrial structure of iron ore, it is revealed that China's industrial structure changes with iron ore consumption intensity and China's economic growth is realized at an excessively high cost of resources.