• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

Rio Tinto: China’s iron ore demand remains strong

  • A
  • A
  • A
Rio Tinto, Australian mining giant said on Tuesday that though the spot iron ore prices dropped recently due to worry on China’s economic growth, there is no obvious signal showing the downtrend of iron ore demand.

Mr. Sam Walsh, the chief executive of the Iron Ore group said that the company would continue to deliver iron ore to the market and China’s iron ore demand would remain strong.

He added that the demand for iron ore from the Asian countries such as Japan, South Korea and Taiwan would remain firm.

Earlier, Rio Tinto indicated that it has been speeding up the US$14.8 billion expansion plan in Pilbara region in Western Australia and planned to realized the target of 333 million tons of annual production capacity by the first half of 2015.
News Date 29 Jun 2011 15:59:27 reported by Echo Huo

West India Goa announces to resume 40 iron ore min...
Industry activities
21 Oct 2016 11:03
Marcventures seeks to cooperate with China for Phi...
Industry activities
20 Oct 2016 13:08
Australia’s South32 plans to increase Colombia fer...
Industry activities
19 Oct 2016 11:54
United States and Canada cutting steel center ship...
Industry activities
19 Oct 2016 10:54
Turkey steel exporters hope to improve United Stat...
Industry activities
19 Oct 2016 10:37
Most Popular