News
Voracious appetite or indigestion? Surviving the iron ore supply feast
Tweet
According to some market veterans, the major iron oreproducers failed to anticipate the full extent of Chinese steelproduction growth. Historically, iron ore prices were so lowthat there was little incentive to invest in new capacity. Butbuoyed by huge increases in annual benchmark prices for ironore from early last decade, the iron ore majors began a decadelongexpansion program to feed the Chinese steel industry’sseemingly insatiable appetite for iron ore. Much of that newsupply has hit seaborne markets over the past 6-9 months withmore to come this year. But slowing Chinese steel productionhas depressed iron ore prices, prompting the question: Is thecurrent supply indigestion a temporary situation or the newmarket status quo?
See more CLIKING HERE
Source: Platts
Tweet
Related News
- Overview of China's alumina production in May 2025 and forecast for June
- METAL CHINA/DIECASTING/NONFERROUS CHINA 2025 Concluded with a Big Success
- Geologists Reveal World’s Biggest Iron Deposit Worth $6 Trillion Set to Impact Global Economy
- Integrating On-Demand Manufacturing into Modern Supply Chain Strategies
- From Art to Automation: The Evolution of Pattern-Making in Foundries
- Germany reduced steel production by 10.1% y/y in April
- How Russian steel exports have changed in the face of sanctions
- Italian Foundries: No Signs of Recovery Yet in Early 2025
- See all News
