Rio Tinto maintains high expectations for China

As one of the only market players, Rio Tinto still believes in a continued high Chinese steel production, and thus a firm demand for the company's iron ore.

Photo: Gøteborg Havn

Rio Tinto Group, one of the world's largest mining companies, maintains its high expectations for Chinas steel production in the coming decade, reports Bloomberg.

The announcement comes after other mining companies, including BHP Billiton, have lowered their expectations for the country's steel production by around 15 percent in the wake of the country's slower growth.

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