Rio Tinto: China iron ore demand remains strong
Published: 01 Nov 2009 17:27:40 PSTMELBOURNE, Nov 2 - Rio Tinto Ltd <RIO.AX>, the world's second-largest iron ore miner, said Chinese demand for iron ore remains strong and major producers are unlikely to meet all the demand.
"We are still seeing a very robust market in China," Sam Walsh, head of the group's iron ore arm, told investors at a briefing in Sydney.
He said iron ore stocks in China, on land and in floating storage, had started falling in September.
Rio last month raised its iron ore production target for this year to 210-215 million tonnes, based on strong demand.
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