25
Jul
02:42
IEEFA: iron ore market heading for major oversupply
With significant new supply of iron ore coming online over the next few years, the global market will enter a period of major oversupply later this decade, Kallanish notes from an Institute of Energy Economics and Financial Analysis (IEEFA) study.
IEEFA says iron ore supply is set to significantly increase as it is becoming ever more apparent that iron ore demand in China, which makes most of the world’s steel, is in decline.
According to the study, Vale in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous