Scalper1 News
The steel industry executive who correctly predicted weakening Chinese demand three years ago is perplexed by the inability of the world’s biggest miners of iron ore to accept the new reality. Producers of the steelmaking raw material — including Rio Tinto Group (RIO), Vale (VALE) and BHP Billiton (BHP) — are expanding output in anticipation of China raising steel production to as high as 1 billion metric tons in the coming Scalper1 News
Scalper1 News