17
Oct
01:00
'Big four' tsunami could wash away more iron ore minors
Smaller iron ore miners around the world are running into serious financial difficulties, as the market accepts that iron ore prices will remain weak provided the big four miners, BHP Billiton, Rio Tinto, Vale and Fortescue Metals Group (FMG), keep ramping up their output.
A recent forecast by Macquarie bank found that seaborne supply from Australia and Brazil could hit a 90% share of the global market by 2020, up from the two countries' 73% share …
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Anonymous
Very good overview of the weekly steel market.
Anonymous