Rio Sees Reason to Boost Iron Ore Demand Despite Soft Patch in China

Reuters reported Rio Tinto (NYSE:RIO) said an upward trend in China’s demand for more imported iron ore was intact despite softening steel production.

Rio’s Chief Executive, Rom Albanese said:

We continue to see year-on-year growth in Chinese steel consumption, even though last month you would have seen some softness in steel production.

Click here to read the full Reuters report.