Chinese iron-ore demand remains strong, says VALE CEO Ferreira, unworried about slowing future...

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Cincinnatus Comments (2197)
 
After clicking through all the SA market currents I finally get to a Fox Business page that only supports a claim that demand growth is slowing. Demand flattening and demand growth flattening are two different things. The latter is a derivative of the former, yet SA seems to be using them interchangeably without providing a source that backs up the demand flattening claim.
11 Apr 2012, 04:49 PM Reply Like

Wildebeest Comments (778)
 
well said.

It is amazing how so many never let facts get in the way of a (non) story.
12 Apr 2012, 02:19 AM Reply Like

Wildebeest Comments (778)
 
"His remarks stand in contrast to those of a (now-departed) BHP exec who last month mused about flattening Chinese demand. "

Flat out wrong.

Ian Ashby of BHP "mused" about flattening GROWTH in demand. Ashby stated explicitly that BHP saw demand for iron ore growing. Unfortunately a peanut gallery of brain dead reporters -- including whoever wrote this "current" -- do not understand the difference between demand and growth in demand.

Ashby and BHP are on exactly the same page as Vale on this.

I'd recommend anyone interested in the iron ore market, or investing in these companies, to source the actual presentations of these executives -- available on company websites -- rather than being mislead by misreporting that seems prevalent.

(For the record Chinese imports of iron ore grew 8% last quarter YOY. The dollar value of imports was down due to prices last year being at exponential highs.)
12 Apr 2012, 12:20 AM Reply Like