Australia, the world’s largest exporter of iron ore, expects in 2018, the decline in world prices for iron ore to $50/ton in 2019 to $49/t. this is stated in the materials of the Department of industry of Australia, according to UAprom.
The forecast for average prices for iron ore in 2017, increased by 2.6% to us $64/ t.
“Iron ore prices are expected to average $64/ton in 2017, the quotes will gradually decline in October-December. Steel production in China will remain at a high level before the onset of winter months, providing short-term support for iron ore prices before going to be the effect of filling the inventory and weak demand,” the document says.
According to forecasts, Ukraine will increase in 2017 iron ore exports by 29.7%, to 48 million tons, and in 2018 will be reduced to 44 million tons, in 2020 – up to 42 million tonnes.
It is expected that in 2017-2018, the volumes of global iron ore trade will grow by 1.4% to 1.57 billion tons, and 2% to 1.6 billion tons respectively. In 2019 the rate will be the same and 1.7%, reaching 1.63 billion t
Earlier it was reported that the global steel prices in September 2017 has reached three-year high.