Rio sees up to 165 mil mt of ore capacity exiting

摘要

Rio Tinto’s chief executive Sam Walsh said Thursday that up to 165 million mt of higher-cost iron ore supply could potentially exit the market in 2015, most of it from international rather than Chinese producers. Walsh said the Anglo-Australian miner estimated that 125 million mt of supply was flushed out of the market in 2014 due to low iron ore prices, 85 million mt of it from higher-cost Chinese iron ore miners.