Rio Sees Reason to Boost Iron Ore Demand Despite Soft Patch in China
Investing News Network - November 28th, 2011
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.