In its report for the 2010-11 financial year (ended on June 30), Australian
mining company
BHP Billiton has stated that the strong pace of growth in demand for steelmaking raw materials, particularly in
China, is expected to slow in the long term.
BHP Billiton stated that growth of capital investment is still seen in
China, but the country's efforts to control inflation will gradually influence demand for
iron ore.
BHP Billiton also said that, despite near-term challenges, it remains confident on the outlook for the global economy.