BHP Says India Steel Growth to Boost Coking Coal Outlook
- Biggest exporter raises guidance for full-year production
- Producer says will review opportunities for acquisitions
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BHP Billiton Ltd., the world’s biggest exporter of coking coal, sees long-term demand growth for steel-making ingredients supported by rising output in emerging economies led by India.
The company lifted its coking coal production guidance for fiscal 2016 by 7.5 percent, forecasting rising steel output in India and continued growth from China into the next decade, according to a presentation Tuesday.