UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT
June 2009
CONTENTS
Page
SUMMARY 4
I. THE IRON ORE MARKET IN 2008 7
II. STEEL IN 2008 21
III. COUNTRY INFORMATION 25
IV. COMPANIES IN THE GLOBAL IRON ORE INDUSTRY 49
V. PROJECT REVIEW 62
VI. THE OUTLOOK FOR 2009 AND 2010 86
VII. SOME COMMENTS ON THE STATISTICS 91
ABBREVIATIONS 93
SOURCES 95
ANNEX TABLES
Table A1. Iron ore: World production (Mt) 96
Table A2. Iron ore: World exports (Mt) 99
Table A3: Iron ore: World imports (Mt) 101
Table A4: Pellets: World capacity, production and exports (Mt) 103
Table A5: Brazil: Iron ore monthly exports (Mt) 104
Table A6: China, Taiwan province of China: Iron ore monthly imports (Mt) 105
Table A7: Japan, Republic of Korea: Iron ore monthly imports (Mt) 106
Table A8: Iron ore: Prices to Europe 107
Table A9: Iron ore: Prices to Japan 109
Table A10: Iron ore: Representative spot freight rates (US dollars/t) 111
Table A11: Direct reduced iron (DRI): World production and capacity (Mt) 114
Table A12: Pig iron: World production (kt) 115
Table A13: Crude steel: World production (kt) 117