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Iron ore outlook under steel's accelerated energy transition two-degree scenario
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We have explored an alternative scenario, beyond our base case, whereby the steel industry successfully follows a two-degree warming pathway – called the Wood Mackenzie Accelerated Energy Transition 2.0 scenario. We have examined what steel’s two-degree warming pathway means for iron ore demand and prices. We examine what needs to happen for steel to be compliant with a two-degree world; what does achieving the two-degree warming pathway mean for iron ore demand; Iron ore trade impact; and the effect on iron ore prices.
Table of contents
- Executive summary
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Steel AET2.0 scenario analysis
- Steel demand is unchanged from the base case
- Carbon emissions from the steel sector must fall by 75%
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Iron ore AET 2.0 scenario analysis
- Iron ore demand
- Iron ore trade
- Iron ore prices
Tables and charts
This report includes the following images and tables:
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Iron ore trade impact under AET2.0Indian iron ore imports62% Fe fines (CFR China)
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Cost of steel mills by technology and feedstock options 2050Wood Mackenzie base case steel productionScrap consumption under AET2.0Total iron ore consumptionHot metal production under AET2.0Blast furnace iron ore consumptionDRI production under AET2.0Iron ore consumed for DRIPellet feed supply and demand
What's included
This report contains:
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