Part 1: A Ten Year Strategic Outlook for the Global Iron Ore Industry l Latest production and export data for 70 plus global mining companies l Over 260 forthcoming projects are assessed and the latest updates provided l Demand and supply analysis and forecasts for the three main iron ore products used in steel making –lump, fines and pellets .
A Ten Year Strategic Outlook For The Global Iron Ore Industry. In the last ten years the iron ore market has changed a lot these variations were driven by many factors arguably the most important is the increasing chinese demand for iron ore and a growing globalized production and trading these new factors pushed up variability and uncertainty in the global iron ore.
Steel prices in the country could be in for some upward movement after iron ore prices in the global market have surged to near 10-year highs. Mining.com website, quoting Fastmarkets MB, said that.
Global iron ore production will grow modestly over the years due to mine expansions in Brazil and increasing output from India. Meanwhile, output growth in China will decline on the back of falling ore grades and high costs of production. Global iron ore production will grow modestly from 3,348mnt in 2019 to 3,482mnt by 2028.
Global iron ore mining market is expected to grow with a steady CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the rising levels of development activities from the Asia-Pacific region resulting in enhanced industrialization.
12.3.1 Global Iron Ore Mining Sales Forecast by Type (2021-2025) 12.3.2 Global Iron Ore Mining Market Share Forecast by Type (2021-2025) 12.4 Iron Ore Mining Market Forecast by Application (2021-2025)
Iron trends 2020: The year in review. Iron ore prices started 2020 hovering around the US$93 per tonne mark, with the first quarter seeing the base metal hit its lowest point of the 12 month .