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BHP sees 'huge demand' lift from China's new Silk Road

It can generate about 150 million tonnes of crude steel demand: Citigroup

Published Thu, Jun 1, 2017 · 09:50 PM

Melbourne

CHINA'S multi-billion dollar Belt and Road Initiative can deliver a major boost for commodities and will add about 150 million tonnes to global steel demand, according to BHP Billiton Ltd, the world's largest miner.

The plan to develop infrastructure and rebuild ancient trading routes from China to Europe overland and by sea has seen projects initiated worth about US$1.3 trilli…