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Shandong iron ore analyst visit - cutting costs to survive


Shandong iron ore analyst visit - cutting costs to survive

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.

What's included?

This report includes 2 file(s)

  • Shandong iron ore analyst visit - cutting costs to survive PDF - 493.73 KB 4 Pages, 0 Tables, 2 Figures
  • Cost cut wont stop Chinese iron ore mines closures.xls XLS - 43.00 KB

Description

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

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  • Executive summary
  • Trip 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

In this report there are 2 tables or charts, including:

  • Executive summary
  • Trip summary
    • Shandong iron ore analyst visit - cutting costs to survive: Image 1
  • Shandong total cash cost dropped by US$8/dmt in 2014
    • Cost cut of Shandong iron ore mines
  • 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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