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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
07/28/201619:18:00Correction to Billiton Brazil Dam Article
07/28/201612:07:19Report of Foreign Issuer (6-k)
07/28/201609:10:08Report of Foreign Issuer (6-k)
07/28/201608:58:00Brazil's Vale Profit Declines 34%
07/28/201606:26:00Brazil's Vale 2Q Net Profit Declines 34% At $1.1 Billion
07/28/201606:07:18Report of Foreign Issuer (6-k)
07/28/201606:07:16Report of Foreign Issuer (6-k)
07/28/201606:04:29Report of Foreign Issuer (6-k)
07/28/201606:04:28Report of Foreign Issuer (6-k)
07/27/201623:30:00BHP Billiton to Take $1 Billion Profit Hit From Brazil Dam Charges
07/21/201609:02:42Report of Foreign Issuer (6-k)
07/21/201608:23:00Brazil's Vale Iron Ore Output Falls in Second Quarter
07/19/201623:20:00BHP Billiton's Iron Ore Production Shows No Signs of Slowing
07/15/201606:03:08Report of Foreign Issuer (6-k)
07/12/201606:03:35Report of Foreign Issuer (6-k)
07/08/201616:41:30Report of Foreign Issuer (6-k)
07/05/201611:23:38Report of Foreign Issuer (6-k)
07/05/201611:22:40Report of Foreign Issuer (6-k)
07/01/201613:44:47Report of Foreign Issuer (6-k)
07/01/201613:43:54Report of Foreign Issuer (6-k)

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