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1459326

全球鐵礦石市場 - 2024-2031

Global Iron Ore Market - 2024-2031

出版日期: 2024年04月03日 | 出版商:

DataM Intelligence | 英文 202 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

2023年全球鐵礦石市場規模達3,457億美元，預估至2031年將達4,245億美元，2024-2031年預測期間複合CAGR為2.6%。

建築和開採活動的增加導致全球對鋼鐵的需求增加。因此，開採活動的增加是預估期間內推動全球鐵礦石市場成長的關鍵因素。全球鋼鐵公司的崛起正在為全球鐵礦石產業創造利潤豐厚的需求。

例如，安賽樂米塔爾鋼鐵印度公司預計，透過擬議收購 Essar 集團基礎設施資產所產生的協同效應，每年將獲得 250-3 億美元的利潤。此外，Essar集團宣布與全球鋼鐵製造商的合資企業達成協議，收購淨價值24億美元的港口和電力資產。所有與製造和生產單位以及採礦活動相關的擴張業務都為全球鐵礦石市場提供了巨大的獲利成長潛力。

預計到2023年，歐洲將佔據全球鐵礦石市場1/4以上的佔有率。英國和德國等歐洲國家佔了很大一部分市場。該地區汽車業對鋼材的需求不斷成長，可能會提振鋼材市場的需求。預計俄羅斯將在預測期內佔據歐洲鐵礦石市場的最高比例。

動力學

新項目投資不斷增加

對新鐵礦石項目的投資導致新礦山的創建、現有礦山的擴建以及先進採礦方法的採用。產能增加，可以開採更多鐵礦石並將其運往市場。因此，增加投資有助於滿足對鐵礦石不斷成長的需求，特別是在鋼鐵業。

中國鋼鐵業和全球基礎設施的成長推動了全球對鐵礦石不斷成長的需求，礦業公司正積極嘗試滿足這一需求。中國鋼鐵礦業協會總工程師雷平喜表示，預計該產業每年將成長2%左右，預計明年鐵礦石供應將增加4,500萬噸左右。

汽車領域的使用量不斷增加

汽車產業越來越依賴鐵礦石來生產車身、卡車和其他車輛所需的鋼材。中國和印度等國家的經濟擴張正在推高對鐵礦石的需求，以及對更節能、更環保的汽車的需求。受此影響，近年來鐵礦石價格不斷上漲。隨著全球經濟的成長和汽車需求的增加，預計這一趨勢將在未來幾年持續下去。

從年銷量和製造產量來看，中國仍然是全球最大的汽車市場，預計到2025 年，本土產量將超過3,500 萬輛。根據中國汽車工業協會的數據，2022 年汽車銷量將超過2,690 萬輛，年比成長較2021年成長3.46%。2022年印度年銷量為380萬輛，較2021年的370萬輛成長超過25%。2022年，印度乘用車產業打破了多項紀錄。

環境問題和需求波動

旨在減少碳排放和防止氣候變遷的嚴格環境法可能會對鐵礦石市場產生影響。鋼鐵製造商面臨著採用清潔製造技術並減少碳足跡的壓力，這可能會影響對赤鐵礦和磁鐵礦等傳統鐵礦石原料的需求。 GDP 成長變化、貿易衝突和貨幣波動等經濟不穩定可能會減少對鐵礦石的需求。

不確定的經濟狀況可能會導致大量使用鐵礦石的基礎設施和建設項目投資減少。建築活動、基礎設施投資、汽車生產和製造業產出的變化所引起的鋼鐵需求變化都會對鐵礦石消費產生影響。經濟衰退或消費者口味調整導致鋼鐵需求波動，限制鐵礦石市場成長。

The rise in building and extraction activities has resulted in increased global demand for iron and steel. The increase in extraction activities is thus the key element driving the growth of the global iron ore market during the anticipated period. The rise of steel companies globally is creating lucrative demand for the global iron ore industry.

For example, Arcelormittal Steel India anticipates a profit of US$ 250-300 million per year from synergies generated by the proposed acquisition of infrastructure assets from Essar Group. Furthermore, the Essar Group announced an agreement with a joint venture of global steelmakers to acquire port and power assets valued at US$ 2.4 billion net. All expansion operations connected to manufacturing and production units, as well as mining activities, are offering major profitable growth potential for the global iron ore market.

In 2023, Europe is expected to be hold over 1/4th of the global iron ore market. European nations like UK and Germany supply a substantial portion of the market. The region's growing demand for steel from the automotive industry is likely to boost demand for the steel market. Russia is predicted to hold the highest proportion of Europe's iron ore market during the forecast period.

Dynamics

Growing Investments in New Projects

Investments in new iron ore projects result in the creation of new mines, the expansion of existing mines and the adoption of sophisticated mining methods. The increases production capacity, allowing for larger volumes of iron ore to be mined and sent to the market. As a result, increased investment helps to meet rising demand for iron ore, particularly in the steel industry.

Mining companies are aggressively attempting to meet the rising global demand for iron ore, which is being fueled by the growth of China's steel sector and global infrastructure. As per Lei Pingxi, chief engineer of the China Association of Steel and Mining Enterprises, the industry will develop by around 2% each year, resulting in an increase in iron ore supply of roughly 45 million tons next year.

Rising Usage in Automotive

The automobile sector is increasingly reliant on iron ore to manufacture the steel required for car bodies, lorries and other vehicles. Economic expansion in nations such as China and India is driving up demand for iron ore, as is the need for more fuel-efficient and environmentally friendly automobiles. As a result, the price of iron ore has increased in recent years. The trend is projected to continue in the future years, as the global economy grows and car demand increases.

China remains the world's largest automobile market in terms of yearly sales and manufacturing output, with local production projected to exceed 35 million vehicles by 2025. According to figures from the China Association of Automobile Manufacturers, more than 26.9 million automobiles were sold in 2022, up 3.46% from 2021. India concluded 2022 with annual sales of 3.8 million units, up more than 25% from 3.7 million in 2021. In 2022, India's passenger vehicle sector broke several records.

Environmental Concerns and Demand Fluctuations

Stringent environmental laws aimed at decreasing carbon emissions and preventing climate change may have an influence on the iron ore market. Steelmakers are under pressure to embrace cleaner manufacturing technologies and decrease their carbon footprint, which might impact demand for traditional iron ore feedstocks such as hematite and magnetite. Economic instability, such as variations in GDP growth, trade conflicts and currency volatility, might reduce demand for iron ore.

Uncertain economic situations may cause a reduction in investment in infrastructure and construction projects, both of which use iron ore extensively. Variations in steel demand, caused by variations in construction activity, infrastructure investment, automotive production and manufacturing output, can all have an impact on iron ore consumption. Economic downturns or adjustments in consumer tastes cause swings in steel demand, limiting iron ore market growth.

Segment Analysis

The global iron ore market is segmented based on type, form, application and region.

Rising Demand for Apparel drives the Segment Growth

Magnetite is expected to be the dominant segment with over 1/3rd of the market during the forecast period 2024-2031. Government-led building and construction activity, particularly in emerging nations, are boosting demand for steel and iron ore. Magnetite's high iron content and compatibility for construction-grade steel products make it an ideal choice for infrastructure projects that require long-lasting, high-strength components.

In 2023, Cyclone Metals, an Australian iron ore firm, announced the acquisition of the Block 103 Magnetite Iron Ore Project in the center of the Labrador Trough iron belt in Quebec, Canada, with the acquisition of Labrador Iron Pty Ltd. According to Cyclone Metals, Block 103 is the world's largest undeveloped magnetite iron ore property, covering 7,275 hectares and having a historical mineral resource estimate of 7,200Mt at 29.2% iron.

Geographical Penetration

Growing Demand From Residential Sector in Asia-Pacific

Asia-Pacific is the dominant region in the global iron ore market covering more than 40% of the market. The market's growth is being driven by the burgeoning construction sector in emerging regional economies, with more residential and commercial buildings, particularly in India and China, as well as higher living standards and per capita disposable incomes. The Indian government has invested more money in infrastructure projects including the Green Corridor, Smart Cities Mission and port expansion, which is increasing demand for iron ore.

Most Chinese steelmakers kept blast furnace working rates high during the Lunar New Year holiday, intending to undertake maintenance on these furnaces after the holidays. In 2024, according to the China Iron and Steel Association, overall crude steel output at major Chinese steel businesses increased 1.5% to 21 million mt between February 11 and February 20, compared to the first ten days of the month.

Competitive Landscape

The major global players in the market include Rio Tinto, Vale, BHP Billiton, Fortescue Metal Group, ArcelorMittal, Anglo American, BCI Minerals Ltd., Atlas Iron Ltd., Cliffs Natural Resources and Metalloinvest MC LLC.

COVID-19 Impact Analysis

The epidemic caused global disruptions in economic activity, industrial output and building, hurting demand for steel and, by extension, iron ore. Lockdowns, limitations and lower consumer spending reduced demand for steel goods, causing variations in iron ore demand and pricing. Metal prices increased 8.4% in June 2020, with a 3.7% increase in May, driven by a demand rebound in China and supply concerns in Latin America.

The World Bank Metals and Minerals Price Index was expected to average 13% lower in 2020 than in 2019, owing to projections of a slow global economic recovery. Unlike base metals, iron ore prices have stayed stable throughout the pandemic. Prices in June had risen than at the beginning of the year. Global supply fears have resurfaced, despite the restart of operations at Vale's iron ore Itabira complex in Brazil. Vale's iron ore production had failed to recover after a tailings dam catastrophe in early 2019.

Russia-Ukraine War Impact

Both Russia and Ukraine are large producers of iron ore, with Ukraine being a major exporter, particularly to Europe. Any disruptions in iron ore production and exports from these nations caused by the conflict, such as infrastructure damage, supply chain disruptions or export restrictions, might tighten global supply and result in market supply shortages. Iron ore is a vital raw ingredient for steel manufacturing and disruptions in iron ore supplies could impact steel production in countries depending on imports from Russia and Ukraine.

Steel makers struggled to secure enough iron ore feedstock, resulting in production slowdowns or shutdowns, which might have an impact on downstream businesses and supply chains. Ukraine's iron ore exports in 2023 declined to 17.75 million tons, a 26% decrease from 22.37 million tons in 2022, as per Ukraine's State Customs Service. The 2023 total was also decreased by 60% from 28.4 million tons in 2021, the year before Russia's invasion.

By Type

Hematite
Magnetite
Others

By Form

Pellets
Lumps
Fines

By Application

Steel Production
Iron Production

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In February 2021, Vale S.A. has begun operating six self-driving haul trucks at its Carajas iron ore complex in Para, Brazil. The program is part of a bigger initiative to improve security for workers, make the business more environmentally friendly and increase competitiveness.
In February 2021, A consortium formed by Midrex Technologies and Primetals Technologies has an agreement with Mikhailovsky GOK (a subsidiary of Metalloinvest) to supply equipment for the development of the HBI facility. The contract includes steel construction, plumbing, ducting, training and advisory services and the engineering and supply of mechanical and electrical equipment.

Why Purchase the Report?

To visualize the global iron ore market segmentation based on type, form, application and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of iron ore market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global iron ore market report would provide approximately 62 tables, 51 figures and 202 pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1.Methodology and Scope

1.1.Research Methodology
1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

3.1.Snippet by Type
3.2.Snippet by Form
3.3.Snippet by Application
3.4.Snippet by Region

4.Dynamics

4.1.Impacting Factors
- 4.1.1.Drivers
  - 4.1.1.1.Growing Investments in New Projects
  - 4.1.1.2.Rising Usage in Automotive
- 4.1.2.Restraints
  - 4.1.2.1.Environmental Concerns and Demand Fluctuations
- 4.1.3.Opportunity
- 4.1.4.Impact Analysis

5.Industry Analysis

5.1.Porter's Five Force Analysis
5.2.Supply Chain Analysis
5.3.Pricing Analysis
5.4.Regulatory Analysis
5.5.Russia-Ukraine War Impact Analysis
5.6.DMI Opinion

6.COVID-19 Analysis

6.1.Analysis of COVID-19
- 6.1.1.Scenario Before COVID
- 6.1.2.Scenario During COVID
- 6.1.3.Scenario Post COVID
6.2.Pricing Dynamics Amid COVID-19
6.3.Demand-Supply Spectrum
6.4.Government Initiatives Related to the Market During Pandemic
6.5.Manufacturers Strategic Initiatives
6.6.Conclusion

7.By Type

7.1.Introduction
- 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2.Market Attractiveness Index, By Type
7.2.Hematite*
- 7.2.1.Introduction
- 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3.Magnetite
7.4.Others

8.By Form

8.1.Introduction
- 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 8.1.2.Market Attractiveness Index, By Form
8.2.Pellets*
- 8.2.1.Introduction
- 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3.Lumps
8.4.Fines

9.By Application

9.1.Introduction
- 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2.Market Attractiveness Index, By Application
9.2.Steel Production*
- 9.2.1.Introduction
- 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3.Iron Production

10.By Region

10.1.Introduction
- 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2.Market Attractiveness Index, By Region
10.2.North America
- 10.2.1.Introduction
- 10.2.2.Key Region-Specific Dynamics
- 10.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1.U.S.
  - 10.2.6.2.Canada
  - 10.2.6.3.Mexico
10.3.Europe
- 10.3.1.Introduction
- 10.3.2.Key Region-Specific Dynamics
- 10.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1.Germany
  - 10.3.6.2.UK
  - 10.3.6.3.France
  - 10.3.6.4.Italy
  - 10.3.6.5.Russia
  - 10.3.6.6.Rest of Europe
10.4.South America
- 10.4.1.Introduction
- 10.4.2.Key Region-Specific Dynamics
- 10.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1.Brazil
  - 10.4.6.2.Argentina
  - 10.4.6.3.Rest of South America
10.5.Asia-Pacific
- 10.5.1.Introduction
- 10.5.2.Key Region-Specific Dynamics
- 10.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1.China
  - 10.5.6.2.India
  - 10.5.6.3.Japan
  - 10.5.6.4.Australia
  - 10.5.6.5.Rest of Asia-Pacific
10.6.Middle East and Africa
- 10.6.1.Introduction
- 10.6.2.Key Region-Specific Dynamics
- 10.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

11.Competitive Landscape

11.1.Competitive Scenario
11.2.Market Positioning/Share Analysis
11.3.Mergers and Acquisitions Analysis

12.Company Profiles

12.1.Rio Tinto*
- 12.1.1.Company Overview
- 12.1.2.Product Portfolio and Description
- 12.1.3.Financial Overview
- 12.1.4.Key Developments
12.2.Vale
12.3.BHP Billiton
12.4.Fortescue Metal Group
12.5.ArcelorMittal
12.6.Anglo American
12.7.BCI Minerals Ltd.
12.8.Atlas Iron Ltd.
12.9.Cliffs Natural Resources
12.10.Metalloinvest MC LLC

LIST NOT EXHAUSTIVE