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Tom Albanese, the CEO of the Australian Rio Tinto said that the firm will continue earning profits from its iron ore business.Albanese forecasted that the annual growth rate for the global steel demand would be at 2% until 2030 and the annual growth rate for the Chinese steel demand would be at 4%.Therefore, China will still play an important role to push up the iron ore demand in the next 15 years.It's learned that the iron ore prices slumped substantially recently due to the slowdown of the Chinese economy and debit crisis in euro zone, making some investors worry about the future iron ore market.