Rio Sticks to Bullish China Steel Outlook After BHP Cuts

Updated on
  • China crude-steel output seen at 1 billion tons by 2030
  • Differing forecasts present `condundrum' for investors

Rio Tinto Group maintained its optimistic outlook for steel production in China into the next decade, just a week after rival BHP Billiton Ltd. trimmed its forecast by as much as 15 percent.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.