News Room - Steel Industry

Posted on 23 Oct 2008

BHP foresees China’s demand weakening, but raises iron ore output

Australian miner BHP Billiton said that Chinese demand was getting slow now; however, instead of cutting production, the company increased its iron ore output by 15 percent this quarter.

Its competitor, Rio Tinto also warned last week that China shows the sign of slowdown on demand of major commodities.

BHP Billiton is still positive that China still has great potential on consuming major commodities, such as aluminum, coal, and nickel in the long run by its ongoing industrialization.