Rio flags softening iron market

RIO Tinto head economist Vivek Tulpule says iron ore supply will continue to be exposed to downside shocks, with steel use in much of the developing world unlikely to peak before 2040.

Rio flags softening iron market Rio flags softening iron market Rio flags softening iron market Rio flags softening iron market Rio flags softening iron market

In a recent outlook, Tulpule said he did not expect per capita steel intensities in Southeast Asia, India, Africa and Brazil within 30 years, but China's steel intensity might peak by about 2030.

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