Global iron ore in­dus­try re­bounds

China Daily (Hong Kong) - - BUSINESS -

The iron ore in­dus­try saw a marked re­cov­ery in 2016 after the slower growth, lower prices and squeezed profit mar­gins suf­fered in 2015, a re­port by the United Na­tions Con­fer­ence on Trade and Development showed on Mon­day. Ac­cord­ing to the re­port, a late surge en­abled the iron ore in­dus­try to post gains in both pro­duc­tion and ex­ports in 2016, de­spite soft Chi­nese con­sump­tion and low prices dur­ing the year. The resur­gence came in a year when con­cerns about a range of an­tidump­ing ac­tions taken by the World Trade Or­ga­ni­za­tion mem­bers on im­ported steel dom­i­nated dis­cus­sions. The UNCTAD re­port, how­ever, shows the key in­di­ca­tors of de­mand and sup­ply, seaborne trade and price, all made gains through the year and it says the mar­ket out­look is steady.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.