Mainland sees slowing growth in iron ore demand as economic woes bite

BHP Billiton, the world's largest mining firm, says growth in the mainland's demand for iron ore has slowed by more than half, highlighting the economic slowdown in the world's biggest importer of the steel-making commodity.

"We're already seeing the beginning of the end of the first phase of economic development in China," said Alberto Calderon, the Melbourne-based firm's chief commercial officer and manager of its aluminium and nickel business, at a conference in Canberra. "The pace of demand for iron ore from China has slowed down by more than half."

via Business feed http://www.scmp.com/business/commodities/article/1041053/mainland-sees-slowing-growth-iron-ore-demand-economic-woes-bite