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The remainingiron oremines in China are mostlylow-grade mines that produce ores with only 20 to30%ironcontent. At the same time, China’s demand for steel remains robust. If Chineseiron oresupplies remain constrained, thenpricescould rise.
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By contrast, in the event that theiron oremarket reverts to thelow pricediscount of 14.1% that prevailed before April 2016 for thepriceof 58%iron orevs 62%iron ore, we estimate that the long-termpriceof 58%iron orewill increase to US$57.97/t, in which case our valuation of BCI increases to 34.77c/share, an increase of 13.4% ...
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Iron ore processingplant in India. Large numbers ofiron oremines are in operation in Orissa, India to meet the internal and export demand ofiron oreforironand steel making. During the process of mining relatively lower gradeiron orecontaining 56-58% Fe is also being generated and stockpiled separately due to less market and industrial ...
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