The World Iron Ore Market - Demand and Price Forecasts 2009‐2011

The World Iron Ore Market Demand and Price Forecasts 2009‐2011
Opportunities for Indian Iron Ore Industry
Dr.A.S.Firoz
New Delhi October 2009

 

The global iron ore market is set to hit a turbulence. The nascent economic recovery
worldwide observed so far is sending mixed signals to the steel and the iron ore
business. The real concern is China where nearly half of the world’s steel is currently
produced. This raises major questions on the future of the iron and steel industry and
iron ore in the world.

Will Chinese steel production fall in the days ahead? If it does, how much will that go
down to and when the recovery begin?

How will the Chinese mills be positioned to contract iron ore in 2010?
With spot prices having only a marginal premium over the contract prices, what is
the level that one sees for the contract in the coming year?

Will there be traditional annual contracts at all this time around?

Or, there will only be freely floating prices?

Will the contract prices be different for different miners?

Will they be indexed to steel prices?

Who will call the shots?

What role the Japanese, European and other asian mills play this year?

Will the Chinese mills gain strength with their acquisitions in Australia or that the Rio-BHP Billiton combine will push them to a corner even if they see a slide in their ron ore consumption demand and show their comforts with reduced dependence on them?

How will they balance their purchases from different countries/ mining companies with their own concentrates?

What will happen to the ocean freight for iron ore?

How will the iron ore mining companies in the private sector find themselves in the changing dynamics of the global iron ore market?

Will the export business in India be seriously affected?

Will the new mines in Australia, the developments of the world shipping industry and low oil prices sink India’s iron ore export business when higher internal freight and royalty charges have already caused a dent in their profits?

Will there be an export tax on iron ore in India?

Does India’s iron ore have life beyond China?

Can India’s iron ore industry rely now more on the domestic demand?

Or, are they seeing a major erosion of their SME customer base?

What is happening to the pelletizing industry?

Chapters
Introduction: major Issues in global iron ore business today
Highlights and the executive summary
The global iron ore industry: structural dynamics
Demand for iron ore in Asia: major determinants
Chinese steel industry: driving the iron ore market
The global steel market: the growth perspectives
Global steel scrap market: what it means to iron ore
The iron ore market in India : the pricing dynamics and growth prospects
Long ‐term forecast of iron ore demand in India, by year till 2020
Prospects in pellets
The global iron ore business: summary conclusions
Annexures

There are many more such questions answered in this report based on statistical analysis of the current global market and the future outlook. This 75 page report is based on in depth analysis, packed with charts for easy reading and comprehension and is fully backed by statistical tables and other reports. The buyers will be entitled to two free updates of the report before September 2010. Details of content are available on request.The report will be sent as a PDF file to all buyers outside of India. In the case of buyers within India, the same will be additionally sent on a CD by post, if required.

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Disclaimer:
This report is made by Dr AS Firoz. SteelGuru shall not accept any liability for the accuracy or completeness of the Information and does not, does not intend to, and specifically disclaims any duty to, update or correct Information.