22.03.2012 • NewsBHP Billitoniron oredemand

BHP Billiton Sees China Iron Ore Demand Flattening

BHP Billiton is seeing signs that iron ore demand from top consumer China is flattening, raising concerns about Australia's trade outlook, but the world's biggest miner is pushing ahead with its ambitious plans to expand production.

Chinese demand for iron ore has been the driving force behind years of expansion work by the world's biggest mining companies.

More than 100 million rural Chinese are projected to settle in towns and cities in the next decade, requiring unprecedented amounts of steel for housing and infrastructure.

Earlier this month, China cut its 2012 growth target to an eight-year low of 7.5 percent.

Interview

Stability in Motion
Strategic Response to a Shifting Pharma Landscape

Stability in Motion

Stefan Oelrich, Member of the Board of Management and President Pharmaceuticals, Bayer, discusses navigating external volatility, reshaping its internal structures, and investing in future-ready capabilities to ensure sustainable growth.

Special Issue

Circular Plastics Economy
Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

most read