BHP Billiton (BHP,BBL,BLT.L,BHP.AX) said it expects Chinese crude steel production to reach 1.1 billion tonnes per annum by 2025. This equates to a 650 million tonne per annum increase in global seaborne iron ore demand.
The outlook provides a major opportunity for BHP Billiton and its competitors.
The company noted that scrap generation is an increasingly important consideration post 2025. The availability of secondary iron units will constrain market growth in the very long term.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.