Rio Tinto, one of the largest iron ore suppliers for China, believes the recent increase in activity in the country’s manufacturing sector will be sustained, Nic Fildes of The Financial Times says. CEO Jakob Stausholm said that while the property sector remained “challenging,” Chinese steel mills were “producing flat out.” Demand from China’s infrastructure and automotive sectors would help offset lower demand from property. “All in all there is a decent demand in China. We see that in the market, and I hope and believe it is not a short-term phenomenon,” said Stausholm.
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