BUZZ-Iron ore miners: BHP plays down chance of price recovery

jueves 25 de septiembre de 2014 10:56 GYT


** Cliffs Natural Resources Inc down 7 pct; U.S.-listed shares of BHP Billiton Plc down 2.6 pct, Rio Tinto Plc down 2 pct, Vale SA down 3 pct and Sesa Sterlite Ltd down 5 pct

** BHP plays down chance of recovery in iron ore prices

** Says recent declines reflect reality of demand and supply in market for iron ore

** Iron ore .IO62-CNI=SI has staged near-uninterrupted drop since mid-July, shedding nearly 20 pct of its value

** Steel consumption in China, world's top consumer and producer of crude steel, dropped this year for first time since at least 2000 due to slower economic growth, leading to more than 40 pct plunge in iron ore prices in that country