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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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November 2008 | Steel Raw Materials


Ore production cutbacks announced: Iron Ore Analysis


The impact of the downturn in steel demand and production is now extending beyond the iron ore spot market.

The impact of the downturn in steel demand and production is now extending beyond the iron ore spot market. Over the last week, two of the three largest iron ore producers – Vale and Rio Tinto - have confirmed that they are either cutting output or reviewing capital expenditure on expansion projects. Cleveland Cliffs in the USA, which has nominal iron ore production capacity of around 35m tpy, has also signalled that it will...

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