This year, iron ore will increase production by 62 million tons worldwide.

According to a summary My steel net data show that in 2012 China's total iron ore imports reached 743 million tons, an increase of 57 million tons compared with 2011, an increase of 8%, the average price of 128.6 US dollars / ton, compared with 2011 decreased by $ 35 . According to industry estimates,...
According to my steel network data, the total amount of imported iron ore in China reached 743 million tons in 2012, an increase of 57 million tons from 2011, an increase of 8%, and the average price was 128.6 US dollars / ton, a decrease of 35 US dollars compared with 2011. According to industry insiders, in 2013, the international iron ore output of the three major mines may increase by 49 million tons, while the domestic iron ore output will also maintain a growth rate of more than 10%. In 2013, the world's major mines may increase production by 62 million tons. .

According to the industry's view, in the context of the global economic slowdown, the iron ore market is oversupplied, and the year-on-year rise is difficult to reproduce. The release of new capacity is gradually changing the overall supply and demand relationship of global iron ore. In the future, iron ore prices will fall or remain between US$140 and US$150/ton.

"In recent years, the three major iron ore companies in the world have been increasing their production capacity due to the accumulation of large profits." Sinopec analyst Hu Yanping told the Daily Economic News reporter. Zhang Tieshan, an analyst at our steel network, also believes that due to the considerable profitability of the iron ore industry, the three major mines are expanding production, and the production of 66 major domestic iron ore enterprises is also increasing.

“The release of new capacity is gradually changing the overall supply and demand relationship of global iron ore. The ore supplier’s control over the resource profit space is gradually weakening. The international mining giant monopoly that is not equivalent to exchange in the next 6 to 7 years is expected to become History," said Zhang Lin, an analyst at Lange Steel.

According to my steel network data, China imported about 65.54 million tons of iron ore in January, and the unit price was 119.9 US dollars / ton. According to the monitoring data of China Iron and Steel United Network, the price of imported 61.5% PB fines on January 15 was US$150/ton, the price on February 1 was US$153/ton, and the price on February 26 was US$150/ton.

“The price of imported ore in January was relatively low, mainly based on the basis of the previous months. It gradually rose in February. The current market due to the new real estate and demand market has not been thawed, along with steel (3956, -70.00, -1.74 %) The price has fallen, and the price of iron ore is also falling." Zhang Tieshan told the reporter of "Daily Economic News". He expects iron ore prices to be between $140 and $150/ton in March and will remain stable.

“From the lowest point in September last year to the US$153/ton before the Spring Festival of the Year of the Snake, the price of iron ore has increased by 70%~80%. At the same time, the price of domestic iron ore produced is also rising due to the price difference between domestic and foreign mines. The recent price is expected to remain above 145 US dollars, and may fall in the next 3 months. The final low price will be around 120 US dollars to 130 US dollars / ton." Hu Yanping analyzed the reporter.

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