The Global Iron Ore Market Long-term Outlook provides the latest update of detailed supply and demand analysis and price forecasts for the iron ore market out to 2035. Iron ore's transition to structural oversupply is now well known and widely accepted but opinion varies significantly over the scale and timing of peak steel in China, giving markedly different interpretations of the demand and price outlook for iron ore. We now have a more negative outlook for iron ore than we presented in our Q2-15 update. The key change is a significant downward revision to Chinese steel consumption. We have lowered our average price forecast for the period 2016-20 by approximately 20% with the low point of the cycle now expected to be 2018. Our long term price is $80/t CFR (real 2015 terms) but a return to that level is unlikely for at least 15 years as there is no requirement to incentivise additional supply prior to 2030.
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Global iron ore long-term outlook Q3 2015 PDF - 732.57 KB 47 Pages, 12 Tables, 21 Figures
IOMS LT Datafile Q3 2015.xls XLS - 958.50 KB
As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.
This Iron Ore Long Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.
Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.
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Commodity market report | Oct 2015
Global iron ore long-term outlook Q3 2015
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