Our world is expanding: the dragons of Asia have been rising from the East, while the emerging economies of the South have become more vocal. Previously impoverished people- who but 20 years ago were living in absolute squalor,- are now seeing their children living in newly built high-rise buildings, driving to work in modern cars, working on the latest computers and living the contemporary life. Greater opportunities for people in the cities have seen the rapid migration (and expansion) of the urban landscape: the subsistence lifestyle has lost substance in the modern world. The planet is becoming more developed, all of which requires more buildings, more transport, more machines, more technology and more steel. But none of this can happen without iron ore. The steel-making ambitions of China and India will see global crude steel production increase 3.3% CAGR over the next twenty years, resulting in a 50% increase (3.5bn tonnes) in iron ore demand by 2030. With very low quality iron and steel ambitions far greater than its supply, China once again looks to the rest of the world for their iron ore needs. http://www.bharatbook.com/metals-and-minerals-market-research-reports/the-iron-supplement-a-monthly-review-of-the-iron-ore-market.html

The Iron Ore Supplement aims to assist producers, traders, steelmakers and those professionals affiliated with these industries to navigate this market.

Core Consultants, in association with Steelhome, brings you the ultimate monthly guide to the iron ore market. With the most up-to-date data, unmatched analysis from experts in the field and unrivalled access to the iron ore and steel market insiders, this report allows you to track the iron ore market like never before. Have all the pertinent facts and figures at your finger tips in this monthly subscription, so that with all the latest information and analysis, you are kept ahead of the rest.

Each report will feature
- The latest news impacting the market
- The most accurate forecasts for iron ore prices
- Unparalleled access to market insiders
- The most straight-forward, unbiased analysis on the market

Oversupply in both the steel and iron ore market had resulted in suppressed prices from all regions. In China stocks at ports have climbed to 99.4m tonnes, despite the fact that steel mills have only around 15 days stocks on hand – a clear indication of slowing demand. Market prices have now started to react with Australian iron ore having declined by $5-7/tonne to $138-139/tonne (CFR China) and $1-2/tonne to $137-138/tonne (CFR China) in the case of fines and lumps respectively.

Outside of China, producers are aware of negative short term sentiments, but are continuing to prepare for longer term growth. Rio Tinto intends to expand its Pilbara production rate to 353m tonnes, while BHP Billiton intends to ramp up production to 220m tpa by 2015 from its current 179m tpa capacity.

With respect to steel markets, Chinese steel capacity utilisation has climbed to above 75% though many producers are now facing losses which should force utilisation levels back down to around 70%. Moreover China is now taking active measures to cool the economy with more stringency expected to be exacted on the property market while the automotive sector is also being confronted with growth restrictions. This should result in suppressed demand which will see an adjustment in production levels.

For more information kindly visit :
The Iron Supplement: A monthly review of the iron ore market

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