You are here

Mining giant Vale bullish on China steel use

Its view contrasts with a rising number of global banks which see demand, price dips

BT_20150924_DNVALE24_1894072.jpg
DEMAND SITUATION: Further urbanisation, infrastructure projects and property development growth in China expected to underpin demand for iron ore, steel, copper and other base metals.

Beijing

VALE SA is pushing back against claims that steel consumption in China has peaked, saying demand in the world's top user has some way to go before it tops out in a view that contrasts with a rising number of global banks.

"China's steel consumption peak is still ahead of us

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom