Big miners slower China steel growth to weigh on iron ore

Australia’s big iron ore miners have cautioned that China can no longer be counted on for unchecked opportunity, warning of volatile markets and softer prices as growth in China’s steel production slows.

The big miners are sticking to aggressive expansion plans to feed Chinese demand for iron ore, even after the market was rattled for much of last year by doubts over future demand from China.

via Business feed http://www.scmp.com/business/companies/article/1195203/big-miners-slower-china-steel-growth-weigh-iron-ore