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9 Pages

Iron ore: what to look for in 2015

Iron ore: what to look for in 2015

Report summary

2014 will be remembered as a significant turning point for the global iron ore market – a year of transition when the market finally moved into structural oversupply after a protracted period of tightness and super normal returns for producers. 2015 will be even more challenging with real consumption of finished steel in China forecast to grow by just 2% while the majors continue to expand iron ore supply. Big production cuts from high cost suppliers are required in order to balance the market.

What's included?

This report includes 1 file(s)

  • Iron ore: what to look for in 2015 PDF - 389.22 KB 9 Pages, 1 Tables, 9 Figures


This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Executive summary
  • Falling prices
  • Supply is up, but with fewer producers
  • Key risks

In this report there are 10 tables or charts, including:

  • Executive summary
  • Falling prices
    • Chart 1: iron ore prices - close to bottoming out.
    • Chart 2: Chinese demand versus Australian supply.
    • Chart 3: Chinese steel production growth was all due to higher exports in 2014.
    • Chart 4: Displacement of domestic ore with imports will continue in 2015.
  • Supply is up, but with fewer producers
    • Price related closures (ex-China)
    • Chart 5: the rise and rise of the majors!
    • Chart 6: Australia's ever increasing market share.
    • Chart 7: Global iron ore cost curve
    • Chart 8: Cost reduction potential by key component (ex-China)
    • Chart 9: Chinese iron ore mines could potentially cut cost by further 10% in 2015.
  • Key risks
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