Latest Iron mining Stories
New market study “Iron Ore Mining Market in Europe to 2020 - Abundant Reserves and Global Demand for Steel Likely to Drive Production” prepared by GBI Research has been recently published by Market Publishers Ltd. According to the report, recent developments in the global iron ore market, driven primarily by the rapid industrialization of China, mark the beginning of deep changes in the structure and dynamics of the market and are putting steelmakers´ profitability at risk....
Over the next five years, the Iron and Steel Casting industry in China is forecast to experience revenue growth by an average annual rate of 9.7%, to reach $137.6 billion in 2016. Growth will be lower than it was over the past five years due to the following: expected appreciation of the RMB; Europe's volatile economic situation, which will negatively affect Chinese exports; and overall slower growth in market demand. In addition, the prices of raw materials, especially iron ore, are forecast...
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