Commodity market report

Global iron ore short-term outlook July 2017

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Report summary

A trio of factors boosted iron ore prices this month; traders continued to build stockpiles, Chinese domestic production tightened and induction furnace closures shifted some production to the more iron ore intensive BOF route. But longer term, the market appears structurally oversupplied with future seaborne supply additions exceeding demand growth.

What's included

This report contains

  • Document

    Iron ore STO Datafile July 2017.xls

    XLS 409.50 KB

  • Document

    Global iron ore short-term outlook July 2017

    PDF 394.90 KB

  • Document

    Global iron ore short-term outlook July 2017

    ZIP 573.29 KB

Table of contents

Tables and charts

This report includes 19 images and tables including:


  • Steel production, monthly y/y growth
  • BF utilisation rate in Tangshan, China
  • Trade of iron ore, monthly volume
  • Trade of iron ore, monthly y/y change
  • Iron ore inventory at Chinese ports, by source
  • Utilisation rate at Chinese iron ore mines
  • While demand stagnates, an additional ~50 million tonnes of seaborne supply is due to come online this year and next...
  • The price discount for 58% Fe material has remained high…
  • …this is impacting FMG's realised price
  • Quarterly mine production
  • Q2-17 year-on-year production change
  • Traders are rapidly increasing stock levels
  • Scrap has reached the top of its price range


  • Key forecast data
  • Key companies: Table 1
  • Supply-demand balances: Table 1
  • Forecast data: iron ore trade and hot metal production (Mt)
  • Prices: Table 1
  • Prices: Table 2

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