BHP billiton: China 'area' plan or need to 1. 500 million tons of steel

www。 shcaojin。 Cn / 26 September 27, 2017, Beijing time, according to the British 'financial times' report, the world's biggest mining company, BHP billiton, said China's ambitious plan 'in' May 1 rise in global steel demand. 5 billion tons, is enough to make China's steel mills in the next 10 years to maintain the existing production speed. All the way to China's 'neighbourhood' aims to resurrect the ancient silk road, and strengthen China and central Asia, southeast Asia and the Middle East in 68 countries and regions. BHP billiton said, this can make double steel demand growth in China. BHP billiton marketing President ArnoudBalhuizen said: 'this will promote the demand for raw materials. This extra demand for steel will eventually by China to meet. 'As the world's biggest mining company, BHP billiton want China' area 'plan to revive demand for commodities. The company said it expects 400 core project 'area' program will need to 1. 3 trillion dollars in spending. These projects could lead to an increase of 15 million tons of steel demand across the globe every year, these requirements will be made by China's steel mills to meet, because 'area' program covers 68 countries and regions, only 10 is a net exporter of steel. This will help in the next 10 years will be China's steel production speed maintained at a higher level. BHP billiton also estimates that in this one. About 80% of 500 million tons of steel demand, will be used to structure and reinforced concrete, 20% will be used for machinery and other equipment. Balhuizen said: 'we don't think that China's steel demand has peaked, this part will support demand. ”　　( Article source: sina finance and economics)