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Rio Sees Reason to Boost Iron Ore Demand Despite Soft Patch in China
Nov. 28, 2011 03:15PM PST
Base Metals Investing 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.
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.
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