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市场调查报告书

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全球铁矿石市场 - 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: 约2个工作天内

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简介目录

概述

2023年全球铁矿石市场规模达3,457亿美元，预估至2031年将达4,245亿美元，2024-2031年预测期间复合CAGR为2.6%。

建筑和开采活动的增加导致全球对钢铁的需求增加。因此，开采活动的增加是预估期间内推动全球铁矿石市场成长的关键因素。全球钢铁公司的崛起正在为全球铁矿石产业创造利润丰厚的需求。

例如，安赛乐米塔尔钢铁印度公司预计，透过拟议收购 Essar 集团基础设施资产所产生的协同效应，每年将获得 250-3 亿美元的利润。此外，Essar集团宣布与全球钢铁製造商的合资企业达成协议，收购净价值24亿美元的港口和电力资产。所有与製造和生产单位以及采矿活动相关的扩张业务都为全球铁矿石市场提供了巨大的获利成长潜力。

预计到2023年，欧洲将占据全球铁矿石市场1/4以上的份额。英国和德国等欧洲国家占了很大一部分市场。该地区汽车业对钢材的需求不断增长，可能会提振钢材市场的需求。预计俄罗斯将在预测期内占据欧洲铁矿石市场的最高比例。

动力学

新项目投资不断增加

对新铁矿石项目的投资导致新矿山的创建、现有矿山的扩建以及先进采矿方法的采用。产能增加，可以开采更多铁矿石并将其运往市场。因此，增加投资有助于满足对铁矿石不断增长的需求，特别是在钢铁业。

中国钢铁业和全球基础设施的成长推动了全球对铁矿石不断增长的需求，矿业公司正积极尝试满足这一需求。中国钢铁矿业协会总工程师雷平喜表示，预计该产业每年将成长2%左右，预计明年铁矿石供应将增加4,500万吨左右。

汽车领域的使用量不断增加

汽车产业越来越依赖铁矿石来生产车身、卡车和其他车辆所需的钢材。中国和印度等国家的经济扩张正在推高对铁矿石的需求，以及对更节能、更环保的汽车的需求。受此影响，近年来铁矿石价格不断上涨。随着全球经济的成长和汽车需求的增加，预计这一趋势将在未来几年持续下去。

从年销量和製造产量来看，中国仍然是全球最大的汽车市场，预计到2025 年，本土产量将超过3,500 万辆。根据中国汽车工业协会的数据，2022 年汽车销量将超过2,690 万辆，年比成长较2021年成长3.46%。2022年印度年销量为380万辆，较2021年的370万辆成长超过25%。2022年，印度乘用车产业打破了多项纪录。

环境问题和需求波动

旨在减少碳排放和防止气候变迁的严格环境法可能会对铁矿石市场产生影响。钢铁製造商面临着采用清洁製造技术并减少碳足迹的压力，这可能会影响对赤铁矿和磁铁矿等传统铁矿石原料的需求。 GDP 成长变化、贸易衝突和货币波动等经济不稳定可能会减少对铁矿石的需求。

不确定的经济状况可能会导致大量使用铁矿石的基础设施和建设项目投资减少。建筑活动、基础设施投资、汽车生产和製造业产出的变化所引起的钢铁需求变化都会对铁矿石消费产生影响。经济衰退或消费者口味调整导致钢铁需求波动，限制铁矿石市场成长。

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