Iron ore: what to look for in 2015

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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

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  • Document

    Iron ore: what to look for in 2015

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Table of contents

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

Tables and charts

This report includes 10 images and tables including:


  • 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.
  • 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.


  • Price related closures (ex-China)

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