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By Harish Sridharan
(Reuters) -Rio Tinto forecast annual iron ore shipments at the lower end of its guidance on Tuesday, after third-quarter iron ore deliveries fell amid weak global demand, particularly in top metals consumer China.
Rio has been battling with a surge in production costs, while iron ore prices are on track to end 2022 at their lowest in the last three or four years, as China and Europe cut steel output amid mounting pressure from additional supply.
Weakness in prices and cool...
>>> Read more: Rio Tinto tempers annual iron ore shipments outlook as demand weakens
(Reuters) -Rio Tinto forecast annual iron ore shipments at the lower end of its guidance on Tuesday, after third-quarter iron ore deliveries fell amid weak global demand, particularly in top metals consumer China.
Rio has been battling with a surge in production costs, while iron ore prices are on track to end 2022 at their lowest in the last three or four years, as China and Europe cut steel output amid mounting pressure from additional supply.
Weakness in prices and cool...
>>> Read more: Rio Tinto tempers annual iron ore shipments outlook as demand weakens
