Now this is the definition of desperate:
“Chinese steel production has peaked, according to Rio Tinto chief executive Jakob Stausholm, with output in the country’s economy likely to tail off over the remainder of the decade”.
“But the peak of steel output does not necessarily signal a decline in the iron ore trade, Mr Stausholm said, saying global steel production was yet to peak as developing countries outside of China – including India – likely to pick up the slack”.
