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BHP and Rio Tinto See India Driving Steel’s Next Wave of Growth

BHP and Rio Tinto See India Driving Steel’s Next Wave of Growth
Bloomberg Markets Tuesday 16 June 2026, 05:44 UTC By Katharine Gemmell 1 min read
Key Points

Commodities BHP and Rio Tinto See India Driving Steel’s Next Wave of Growth BHP Group and Rio Tinto Plc are looking increasingly to India as the next big growth engine for global steelmaking, underscoring how the world’s biggest iron ore suppliers are preparing for a future beyond China. Senior commercial executives from both mining companies said rising demand and the addition of new capacity in India could help offset slowing growth in China, which has dominated global steel markets for...

Commodities BHP and Rio Tinto See India Driving Steel’s Next Wave of Growth BHP Group and Rio Tinto Plc are looking increasingly to India as the next big growth engine for global steelmaking, underscoring how the world’s biggest iron ore suppliers are preparing for a future beyond China. Senior commercial executives from both mining companies said rising demand and the addition of new capacity in India could help offset slowing growth in China, which has dominated global steel markets for more than two decades.
BHP (ORG) Rio Tinto See India Driving Steel’s (ORG) Next Wave of Growth Commodities (ORG) Next Wave of Growth BHP Group (ORG) Rio Tinto Plc (ORG) India (LOCATION) China (LOCATION)
Originally published by Bloomberg Markets Read original →

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