Market Survey Metals - Iron Ore

Market Survey Metals – Iron Ore

April 22, 2018

In last article Mineral Commodity Summary, the general analysis for most type of mineral are done. Today, let’s have a look on Iron Ore.

Classification of Metals

  • Iron and Ferro-Alloy Metals (Eisen- und Stahlveredler):
    • Iron ore, Chromium, Nickel, Cobalt, Manganese, Molybdenum, Tantalum, Niob, Vanadium, Tungsten (Wolfram)
  • Non Ferros Metals (Buntmetalle, Sondermetalle, usw):
    • Al, Cu, Zn, Pb, Sn, Mg, Ti, Be, Se, Te, Ga, Ge, Cd, Li, In, Bi, Hg, Sb
  • Precious Metals (Edelmetalle)
    • Gold, Silver, Platinum & PGM

Notice: All figures in this chapter (production, prices, reserves, etc.) are just for reference.

Iron Ore (global) – Supply:

  • Reserves:
    • 160 Bio. t Ore (ROM /Roherz) (China, India, Russia, Australia, Brazil,USA)
    • 80 Bio. tFe-content
  • Production from mines:
    • 1,100 Mio t Fe ~ 50states
    • Share of the largest 3 Producers (Brazil, Australia, China) = 65%
  • Static Reserve-to-Production-Ratio
    • (RPR):>130 years
  • Metalurgical Production:
    • 1,000 Mio. t pig iron(Roheisen)
    • 1,500 Mio. t steel (China, Japan, EU, USA, Russia,Brazil)
  • Recycling
    • Steel-scrap: up to 45 % – 50 %

Iron Ore (global) – Demand:

  • Consumer of Iron-Ore:
    • 98 % Iron- andSteel-production
    • 2 % Others (cement,feed)
  • Consumer of steel:
    • mechanical engineering, construction engineering, packing
  • Prices: (in US cents/ton-unit = US$/t Fe)
    • Fine-Ore ….. US$/t Fe-unit
    • Pellets ….. US$/t Fe-unit
  • International Trade:
    • 450 Mio. t Fe-Ore
    • Exporters: Australia, Brasilia,FSU
    • Importers: Japan, China,EU
  • Outlook:
    • Iron Fe is the cheapest and most common used metal
    • High consumption-growth rates in SE- Asia

Steel World Production and Price as well as analysis of main countries

 

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