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Commodities Briefing - Categorized | Market Moves more

BHP sees supply pressure on commodities, slower steel demand

Posted on 26 September 2013

BHP Billiton , the world’s biggest mining company, on Wednesday said global commodities markets were being undermined by rising supplies of raw materials and warned the outlook for steel demand in Asia was expected to moderate.
“We maintain a positive outlook over the long term as the fundamentals of wealth creation, demographics and urbanisation continue to create demand for commodities across Asia and other markets,” BHP Chairman Jac Nasser said in the company’s fiscal 2013 annual report………………………………………..Full Article: Source


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