Iron Market News Directory

Who Benefits from Iron Ore Oversupply?

Reuters published an article that looks at the question of who is actually benefiting from iron ore oversupply, noting that interestingly the main beneficiaries are companies that make steel-intensive products.

Global Iron Ore Majors Raise Supply

Bloomberg reported that global iron ore producers are planning capacity expansions, with net supply set to increase by about 60 to 75 million metric tons in 2015.

Iron Ore Price Crashes Below $60 reported that the iron ore price plummeted 4.5 percent as prospects for China's economy and its steelmaking industry became grimmer.