30
Nov
05:18
China foresees iron ore consumption plunging by 2020
China’s Ministry of Land and Resources (MLR) has predicted national iron ore consumption will fall to around 750 million tonnes/year by 2020. Kallanish estimates this implies hot metal production output is 487.5 million tonnes, down -29.5% compared with the 691.42mt of hot metal produced in 2015.
Assuming standard iron ore concentrate equivalent of 65% Fe, hot metal production appears set to decrease sharply over the next five years. This is in p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous