Do the big miners actually believe this stuff, from The Australian:
BHP has not reversed its expectations for a service-led recovery in China’s growth, with marketing boss Arnoud Balhuizen saying the company is maintaining its position that the Asian powerhouse’s economy will pick up this half.
“The decision-making and allocation is taking a little more time, and therefore we expect what we initially saw happening in the fourth quarter, in the way of steel (demand) stabilisation, that could start a quarter later,” the Singapore-based marketing boss said today during a visit to Sydney.
