Miner ERG expects China steel demand, cuts to help iron ore

摘要

Iron ore miner Eurasian ResourcesGroup expects falling steel inventories inChina to support iron ore demand and prices,and anticipates a price recovery across themetals sector, the company’s CEO BenediktSobotka said Thursday.Kazakhstan-focused ERG followedcomments made last week by Vale, thebiggest iron ore miner, predicting a declinein Chinese domestic iron ore output, furtheradding to demand for imports.