19
Aug
12:11
Brazil, India to drive slower iron ore growth
Iron ore production will grow by an annual average of 2% to 3.7 billion tonnes in 2029, slowing from 3.4% annual average growth in 2010-2019, says Fitch Solutions. Growth will be driven by mine expansions in Brazil and increasing output from India. Chinese output will decline on the back of falling ore grades and high costs of production.
Australian iron ore output is forecast to grow minimally over 2020-2029, averaging an annual 0.7% growth, compared with 9.2% gr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous