Credit Suisse ：Steel output recovery may cause iron ore supply shortage by 2012

Credit Suisse ：Steel output recovery may cause iron ore supply shortage by 2012 发布时间:08-11-28    阅读次数:   

If China’s steel output returns to the previous level spurred by the economic stimulus plan, the global iron ore market would face a supply shortage in 2012, according to Credit Suisse. The iron ore market is currently keeping balanced after miners in Australia and Brazil announced plans to cut output. China’s steel output will grow at a pace of 5.5 percent annually from 2012 and per capita iron ore consumption will increase to 600kg to 650 kg from currently 450kg to 500 kg.