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Rio Tinto Says Chinese Steel Demand To Peak In 2020

By Alex MacDonald LONDON--Chinese steel demand will continue to grow and will peak in 2030 as the world's largest consumer of many commodities starts to adjust to consumer-led economic growth from investment-led growth, the chief economist of mining titan Rio Tinto (RIO) said Wednesday. Rio Tinto, the world's second-largest iron ore producer by output after Brazil's Vale SA (VALE), said it forecasts Chinese steel demand to peak at around 1 billion metric tons of crude steel production in 2030. Rio's views broadly mirror similar forecasts made by BHP Billiton, the third-largest iron ore producer, which expects Chinese steel use to plateau after 2025. "Over time, we expect Chinese consumers to take over as the main driving force of the Chinese economy," Vivek Tulpule said in his outlook for metal and minerals report. "This transition will be a multi-year process [and as such] we still expect China‟s demand for many commodities to continue growing in coming years, before reaching a peak over the next twenty years. Mr Tulpule said that between now and 2030, India and countries in South East Asia are expected to become increasingly important sources of demand for commodities including steel. Write to Alex MacDonald at alex.macdonald@dowjones.com

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
04/15/201417:02:39ADR Shares End Lower; Infosys, Diageo Shares Active
04/15/201413:06:06Brazil's Vale Secures Loan Package From BNDES -- Update
04/15/201410:02:19Brazil's Vale Secures BRL6.2 Billion Loan Package From BNDES
04/11/201409:43:44Brazil's CVM Authorizes IADB to Issue Debt in Local Markets
04/09/201408:44:34BSG Resources, Vale Face Loss of Guinea Licenses -- Update
04/08/201413:20:03Veolia Seeks More Revenue from Mining Industry's Water, Waste...
04/02/201418:27:45Vale Suspends Transporting Coal From Mozambique Mines -- Update
04/02/201416:55:18ADR Shares End Higher; Noah Education Shares Active
04/02/201415:58:33Vale Suspends Coal Shipments From Mozambique Mines
03/19/201412:23:43Vale Says Stock Price Pressured by China Worries
03/11/201417:21:55ADR Shares End Lower; Vale, Barclays Shares Active
03/11/201413:41:59Brazil's Petrobras Reveals BRL8.77 Billion in Tax Disputes
03/04/201417:13:52Glencore Xstrata Posts Large Loss -- 2nd Update
02/27/201414:51:43Brazil's Vale Doesn't Foresee New Debt Issuance This Year
02/27/201413:04:26Brazil's Vale Develops Green Iron Ore To Reduce China Emissions
02/27/201412:33:45Brazil's Vale Sees Ebitda In Base-Metals Division Surging
02/27/201407:21:49Falling Iron-Ore Prices Pinch Producers -- Update
02/26/201421:58:20Vale Posts Smallest Annual Profit Since Privatization -- Update
02/26/201420:30:25Brazil's Vale Posts Its Biggest Loss
02/26/201419:46:50Brazil's Vale Sees Chinese Economic Growth Gradually Slowing...

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