The steel industry underpins several others, from automotive and energy to construction and household appliances. Various headwinds are affecting the market though, not least new regulations, China’s substantial output and a spike in iron ore prices. To understand what these developments mean for supply and demand, Third Bridge has interviewed experts working in major markets around the world.
The price and supply of iron ore heavily influences what steel producers can make and at what cost. This year [2019] saw an unexpected price spike after a tailings dam collapsed at a mine belonging to Vale, a Brazilian multinational. Vale subsequently closed any mine with the same type of dam.
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