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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
09/02/201507:45:17Report of Foreign Issuer (6-k)
09/01/201514:13:12Report of Foreign Issuer (6-k)
08/24/201517:37:00ADRs End Lower; Chinese, Commodities Firms Decline
08/24/201504:20:00Turbo Power Systems to Get New Parent; Strategic Review Continues
08/14/201513:02:52Report of Foreign Issuer (6-k)
08/13/201510:50:37Vale to Investigate Nitrous Oxide Leak at Northern Ontario Nickel...
08/11/201517:50:53ADRs End Lower; Miners, Steelmakers Among Decliners
08/06/201506:04:45Report of Foreign Issuer (6-k)
08/05/201516:30:55Report of Foreign Issuer (6-k)
07/30/201510:11:19Brazil's Vale Posts $1.68 Billion Profit--3rd Update
07/30/201510:09:35Report of Foreign Issuer (6-k)
07/30/201510:09:09Report of Foreign Issuer (6-k)
07/30/201509:43:36Brazil's Vale Sells Minority Stake In MBR For BRL4 Billion
07/30/201508:33:59Brazil's Vale Posts $1.68 Billion Profit--2nd Update
07/30/201508:07:09Report of Foreign Issuer (6-k)
07/30/201507:38:05Brazil's Vale Posts $1.68 Billion Profit--Update
07/30/201506:59:15Report of Foreign Issuer (6-k)
07/30/201506:09:27Report of Foreign Issuer (6-k)
07/30/201506:09:26Report of Foreign Issuer (6-k)
07/30/201506:09:06Brazil's Vale 2Q Net Profit Up 17.3% to $1.68 Billion

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