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Shandong iron ore analyst visit - cutting costs to survive

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Report summary

In late January 2015 Wood Mackenzie analysts visited iron ore mines and steel mills in Shandong province. The purpose of the trip was to understand how China's coastal iron ore industry is responding to lower prices and increased competition from imported iron ore.

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    Shandong iron ore analyst visit - cutting costs to survive

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Table of contents

  • Executive summary
    • Shandong iron ore mines map
  • Shandong total cash cost dropped by US$8/dmt in 2014
  • 20% of capacity shut in 2014, but limited price related closures expected this year
  • Resource depletion a growing problem for Shandong

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This report includes 2 images and tables including:

Images

  • Cost cut of Shandong iron ore mines
  • Shandong iron ore analyst visit - cutting costs to survive: Image 1

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