Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

China's steel production set to double by 2025: BHP Billiton

China's steel production set to double by 2025: BHP Billiton

Sydney: Following a detailed 18 month internal study, the managing director of the world's largest mining company says steel production in China is set to double by 2025.
BHP Billiton chief, Marius Kloppers, has told the ABC's Inside Business that he's optimistic about commodity prices, especially for iron ore and coking coal.
Mr Kloppers says his company started analysing Chinese supply and demand some 18 months ago, and found it looked positive for Australian exports.
"So we did a bottom-up analysis. How many buildings, what is the steel intensity and so on," he said.
"We think that this trend is going to go on for the 20 years that we've forecast." [15/02/10]


Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg