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Chinese market to further benefit Aussie iron ore export: CEO
   2017-02-15 10:05:38    CRIENGLISH.com      Web Editor: Guan Chao

The head of a leading Australian iron ore producer says his company is still anticipating a sound relationship with the Chinese market, despite Chinese government plans to curtail steel production.

The head of Australian iron ore giant Fortescue Metals is suggesting the sustained speed of economic growth in China will help maintain iron ore exports.

This comes on the heels of mining giant Rio Tinto issuing its own statement, also saying it anticipates iron ore prices to remain steady this year.

China is the world's largest consumer and producer of steel and Australia is a major producer of iron ore, which is a key element in creating steel.

For more on this, The Beijing Hour's Shane Bigham spoke earlier with John Ross, Senior Fellow with the Chongyang Institute for Financial Studies at Renmin University.

 
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