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Iron Ore Likely Lower In March on Slowed China Demand
Apr. 12, 2012 07:07PM PST
Base Metals Investing IBTimes reported iron ore production from Rio (NYSE:RIO,ASX:RIO) and BHP (ASX:BHP) is likely to be lower in March due to slowed demand from China.
IBTimes reported iron ore production from Rio (NYSE:RIO,ASX:RIO) and BHP (ASX:BHP) is likely to be lower in March due to slowed demand from China.
As quoted in the market news:
The two large Australian mining firms, BHP Billiton (ASX: BHP) and Rio Tinto (ASX: Rio) are expected to report next week 4 per cent lower of total estimated iron ore output for the March quarter.
The lesser output, equivalent of up to 4 million metric tonnes, is because of the inclement weather and labour problems at ports and mines, as well as lower demand from China.
Click here to read the full IBTimes report.
