The Gladstone Ports Corporation in central Queensland says there are signs that the recent slowdown in demand for coal is starting to turn around.
The corporation's chief executive, Leo Zussino, says one of the impacts of the global financial crisis has been a slowdown in the demand for coking coal used in steel production.
But he says after a recent meeting with Chinese Government officials that may be about to change.
"Chinese officials were saying the Chinese were going to put a lot of their $850 billion stimulus package into developing 60 to 80 new provincial cities in China," he said.
"That means that they would be producing a lot more steel, concrete building materials etc and he certainly believed that in the second half of this year you would start to see good signs of that."
Source: ABC, Australia
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