China's iron ore demand weak, does not seem to affect the expansion of international mining companies have interest.
 
Yesterday, the International miner Rio Tinto said in a published data, the production of iron ore in the first half of this year made a record 120 million tons, representing an increase of 4% over the same period last year. Which, in the second quarter iron ore production 62 million tons, with year-ago quarter. Rio Tinto expects this year's annual iron ore production of about 250 million tons.
 
It is reported that Rio Tinto had previously announced, has approved $ 3.7 billion to further expand Western Australia Iron Ore Pilbara iron ore production in 2013 reached 283 million tons in the first half of 2015 further raised to 353 million tons .
 
Increase steadily with Rio Tinto in stark contrast, as the largest market for iron ore demand from China showed weakness.
 
Looking at China's steel market downturn and dismal has continued for several months. 17, Angang and Shougang representatives of the domestic steel prices were announced in August ex-factory price, varieties price of the plate, hot rolled coil and cold rolled coils cut. Previously, August mainstream product prices, Baosteel lowered from 100 to 500 yuan / ton, raised concerns.
 
In this regard, Wang Qi, vice president of China Steel Industry Association, recently the media, including the "Daily Economic News" introduced, said by the impact of the recent weakness in the Steel City, the steel stock is generally maintained at a low of 10 to 15 days, port stocks At the peak of 90 million tons to 100 million tons.
 
Changes in market demand in China, the date of the year, Rio Tinto chief executive Tom Albanese also said that Rio Tinto is close attention to the status of the U.S. economic recovery, the euro area continued economic crisis and China's economic stimulus measures impact on the market, but "despite the market volatile, the company's investment projects still continue to advance.
 
Recently, Australian miner Atlas successfully joined the Chinese iron ore spot trading platform. It is understood that Atlas amount of iron ore sold to China this year will reach about 10 million tons.
 
Another miner BHP Billiton's iron ore production to grow strongly. Fiscal year ended June 30, 2012, BHP Billiton iron ore production will exceed the previous target (159 million tons) from 5% to 167 million tons. This means that the June quarter production of approximately 48 million tons, higher than the 37.9 million tons in the season in March.
The former CEO of CVRD said China iron ore demand is still strong in the next 10 years. "The next few years, Asian countries will take an active investment to build infrastructure as part of its process of industrialization, at the same time, in order to maintain the rate of economic growth in emerging countries on the demand for mineral resources will continue strong."
 
However, on March 20 this year, BHP Billiton chairman Jack Nasser told investors that lead to demand for commodities is expected to be more cautious because of a slowdown in China, the company is a huge investment plan to be re-evaluated.



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