Mixed Prospects: the Rising World Price of Iron Ore Has Limited Industry Revenue Declines
Iron sand miners have faced a mixed operating environment over the past five years. Despite significant volatility, the world price of iron ore has increased over the period, supporting revenue growth. Industry output and downstream demand for steel came under pressure during the COVID-19 pandemic. However, global iron ore prices soared in 2020-21 on the back of supply disruptions in Brazil. Overall, industry revenue is anticipated to grow at an annualised 6.0% over the five years through 2023-24, to $223.3 million. This includes an expected fall of 0.1% in 2023-24 as iron ore prices soften.
Industry players extract iron ore or iron sand resources, and carry out basic beneficiation processes. Firms that primarily produce sinter and other agglomerates are also included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Taharoa Mining Investments Limited
- New Zealand Steel Limited
Methodology
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