| BHP Billiton still expects China’s steel production to continue to grow despite almost all other forecasters and the Chinese industry itself saying peak production has already passed.
BHP chief commodities forecaster Huw McKay acknowledges Chinese steel production has fallen in recent times, with most analysts forecasting output will hover at 800-830 million tonnes a year. “We’re not convinced,’’ Mr McKay wrote in BHP’s corporate blog, Prospects. “We expect Chinese demand will rise modestly over the next decade.’’..............................................Full Article: Source
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