Commodity market report

Global iron ore long-term outlook Q1 2013 interim

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Report summary

Iron ore has staged a dramatic recovery since the price collapse of August/September 2012 and we believe prices will remain well supported through the first half of 2013. However, as supply growth accelerates we anticipate downward pressure on prices from H2-13 which will gather momentum through 2014/15. Our annual average price forecast for 2013, is $128/t CFR China, basis 62% Fe, which is virtually unchanged from the October Long Term Outlook.

What's included

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  • Document

    Global iron ore long-term outlook Q1 2013 interim

    PDF 517.73 KB

Table of contents

  • Executive summary
    • China
    • Asia (ex-China)
    • Europe
    • North America
    • Middle East
    • Brazil
    • Australia
    • India
    • Canada
    • Africa
    • Other regions
  • Supply-demand balances

Tables and charts

This report includes 2 images and tables including:


  • Key market data
  • Iron ore price forecast

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