02
Sep
01:00
Iron ore supply exit focus to shift away from China: CLSA
The dramatic increase in iron ore output by the major miners this year and the resulting fall in prices has driven significant domestic Chinese mining capacity out of the market. However, a stabilisation of Chinese supply and more low-cost supply coming on-stream over the next few years will lead to more capacity loss. A further 115 million tonnes/year of mining capacity will have to close outside of China over 2016 and 2017, according to the latest Credit Lyonnais…
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Anonymous
Very good overview of the weekly steel market.
Anonymous