More than 50-million tonnes of steel capacity has been restarted in China since the start of the year as rising prices boosted margins, a senior official told an industry conference on Thursday.
The world’s No. 3 iron-ore miner also sees around 30-million tonnes of new seaborne supply this year, down from around 90-million tonnes last year, said Vicky Binns, vice president for marketing minerals at BHP.
