China Remains the Elephant in the Room for 2016 World Steel Outlook

JOHANNESBURG--January 20, 2016--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--At a time when China has announced a growth rate of just over 6%, the lowest in 25 years, and the oil price is dipping under $30 a barrel, any forecast for the metals and minerals sector must be qualified by the continuing global oversupply of steel, and the uncertainties for the manufacturing and utilities markets parallel to China's switch to services and consumer supplies. Within this article: Details metals and mining company Rio Tinto's (NYSE:RIO) plans for 2016 in terms of strengthening its position as the lowest cost producer in the world. Other companies featured: Goldman Sachs (NYSE:GS)