The 2011-2013 World Iron Ore Market Report issued on July 31, 2012 by the UNCTAD on July 31, 2012 stated that the global iron ore production reached a record 1.92 billion tons in 2011, an increase of 4.7% over the same period of last year. For the highest point in history.
The “World Iron Ore Market Report 2011-2013†​​published by UNCTAD on the same day pointed out that while the global steel industry is gradually emerging from the shadow of the crisis, with the investment in new mining capacity, the world’s iron ore production in 2011 was 5 After reaching 125 million tons per month, it continued to show a growth trend in most parts of the world except Europe.
According to the report, the production conditions of major iron ore producing countries in the world were stable in 2011, of which Australia, Brazil and China increased by 12.7%, 5.1% and 2.1% respectively; India's production was 196 million tons, which was a decrease of 7.5% year-on-year.
The report pointed out that in 2011, when global iron ore exports increased for the tenth consecutive year, international iron ore trade volume reached a record high, reaching 1.115 billion tons, of which developing countries accounted for 49.5%. Since 2002, the export volume of iron ore in developing countries has increased by 104.8%.
Since the global economic and financial crisis in 2008, the global rebound in crude steel production has almost all depended on China. As China’s crude steel production began to grow in November 2008, global crude steel production in April 2009 was the highest ever Monthly output is flat. In 2011, China's iron ore imports reached 688.77 million tons, an increase of 11% year-on-year, accounting for 60.1% of the world's total imports.
According to the report, due to the recovery of iron ore demand in the Chinese market and the inability of domestic production to meet this demand, iron ore prices have shown an upward trend for most of 2011. However, at the end of 2011, with the slowdown of China's economic growth and the deterioration of economic prospects of European countries, the international iron ore price once fell. In the first half of 2012, its price has remained at a relatively high level.
The report predicts that in 2012, global iron ore production will grow steadily from 1.92 billion tons in 2011 to 2 billion tons, and in 2013 it will reach 2.08 billion tons. In addition, the global iron ore market will continue to grow in the next few years. Although iron ore prices will decline as the production capacity continues to increase, the price of iron ore delivered to China will be maintained at a high point compared to the previous price of at least US$120 per meal.
The “World Iron Ore Market Report 2011-2013†​​published by UNCTAD on the same day pointed out that while the global steel industry is gradually emerging from the shadow of the crisis, with the investment in new mining capacity, the world’s iron ore production in 2011 was 5 After reaching 125 million tons per month, it continued to show a growth trend in most parts of the world except Europe.
According to the report, the production conditions of major iron ore producing countries in the world were stable in 2011, of which Australia, Brazil and China increased by 12.7%, 5.1% and 2.1% respectively; India's production was 196 million tons, which was a decrease of 7.5% year-on-year.
The report pointed out that in 2011, when global iron ore exports increased for the tenth consecutive year, international iron ore trade volume reached a record high, reaching 1.115 billion tons, of which developing countries accounted for 49.5%. Since 2002, the export volume of iron ore in developing countries has increased by 104.8%.
Since the global economic and financial crisis in 2008, the global rebound in crude steel production has almost all depended on China. As China’s crude steel production began to grow in November 2008, global crude steel production in April 2009 was the highest ever Monthly output is flat. In 2011, China's iron ore imports reached 688.77 million tons, an increase of 11% year-on-year, accounting for 60.1% of the world's total imports.
According to the report, due to the recovery of iron ore demand in the Chinese market and the inability of domestic production to meet this demand, iron ore prices have shown an upward trend for most of 2011. However, at the end of 2011, with the slowdown of China's economic growth and the deterioration of economic prospects of European countries, the international iron ore price once fell. In the first half of 2012, its price has remained at a relatively high level.
The report predicts that in 2012, global iron ore production will grow steadily from 1.92 billion tons in 2011 to 2 billion tons, and in 2013 it will reach 2.08 billion tons. In addition, the global iron ore market will continue to grow in the next few years. Although iron ore prices will decline as the production capacity continues to increase, the price of iron ore delivered to China will be maintained at a high point compared to the previous price of at least US$120 per meal.
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