The managing director of BHP says that he expects steel production in China to double by 2025.
Speaking to the Australian TV network, ABC, Marius Kloppers, said that he's optimistic about prices for iron ore and coking coal and is particularly positive about the outlook for Australian exports of those products following an analysis done by his company over the past year-and-a-half.
"We did a bottom-up analysis. How many buildings, what is the steel intensity and so on [and] we think that this trend is going to go on for the 20 years that we've forecast."
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