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Iron-Ore 2021: Tight supply, surging demand

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Iron-ore miners faced a tough 2020, as the Covid-19 pandemic spread worldwide, negatively impacting on the supply of and demand for iron-ore. Nevertheless, the iron-ore miners, along with the broader mining industry, have largely returned to normal operations and production. The iron-ore sector is also benefiting from high prices, allowing for a continuation in investment in expansion projects or new mines, particularly among miners based in Australia. In some regions, the prices are also driving an increased interest in exploration for iron-ore reserves. On the downside, the world is increasingly considering ways of decarbonising their economies and creating more environment-friendly and sustainable industries, with various steelmaking companies assessing potential projects to produce greener steel, which will require less iron-ore. Creamer Media’s Iron-Ore 2021 Report provides an overview of the global iron-ore market, with particular emphasis on supply and demand, as well as trade and pricing. It also provides information on South Africa’s iron-ore market, its major producers and iron-ore export infrastructure, as well as an overview of the major global iron-ore producing companies and other significant producers.

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