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Iron ore outlook under steel's accelerated energy transition two-degree scenario

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12 July 2021

Iron ore outlook under steel's accelerated energy transition two-degree scenario

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

Tables and charts

This report includes 12 images and tables including:

  • Iron ore trade impact under AET2.0
  • Indian iron ore imports
  • 62% Fe fines (CFR China)
  • Cost of steel mills by technology and feedstock options 2050
  • Wood Mackenzie base case steel production
  • Scrap consumption under AET2.0
  • Total iron ore consumption
  • Hot metal production under AET2.0
  • Blast furnace iron ore consumption
  • DRI production under AET2.0
  • Iron ore consumed for DRI
  • Pellet feed supply and demand

What's included

This report contains:

  • Document

    Iron ore outlook under steel's accelerated energy transition two-degree scenario data.xlsx

    XLSX 90.96 KB

  • Document

    Slide Pack Iron Ore Outlook Under Steels Accelerated Energy Transition Two Degree Scenario.pdf

    PDF 1.64 MB

  • Document

    Iron ore outlook under steel's accelerated energy transition two-degree scenario

    PDF 901.84 KB