IRON-ORE
Steelmakers in China are about to get back to business full-time. When unprecedented winter supply curbs lapse in the coming weeks, BHP Billiton forecasts mills in the top producer will step up output, boosting run rates through the second quarter to make up for curtailments.
The resumption will be gradual as provinces step back from curbs designed to fight air pollution, according to chief commercial officer Arnoud Balhuizen, who presented the outlook from the world’s largest miner for commodities including iron ore and steel. At present, the restrictions are set to ease from mid-March.
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