IRON ORE ON THE OCEAN ROUTES UP TO 1980

Recognizing the steel industry as the principal source of iron ore demand, the report commences with a review of the steel industries of the major iron ore importing nations quantifying the prospects for steel production to 1980. Japanese developments are anticipated to continue to dominate the steel market until the end of the decade, when it is envisaged that Japanese steel production will have overtaken that of the U.S.A. The respective output levels in 1980 will be 171mmt for Japan and 155mmt for the U.S.A. Despite the British Steel Corporation's much publicized investment plans, little departure from past trends is forecast for U.K. output which will achieve 33.5mmt by 1980, an increase of 8.2mmt on 1972's performance. In translating these steel production estimates into the iron ore requirements from overseas, particular attention has been paid to the variations in steelmaking process. On the supply side, the outlook for the numerous ore exporting nations is discussed with reference to reserves, quality of ore, distance from markets, equity participation and longterm contracts. The third section of the report summarises movements between the importing and exporting areas of the world into matrices extending to 1980.

  • Corporate Authors:

    Westinform Service

    ,    
  • Publication Date: 1973-10

Media Info

  • Pagination: 58 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00095182
  • Record Type: Publication
  • Source Agency: Westinform Service
  • Report/Paper Numbers: No. 300 Report
  • Files: TRIS
  • Created Date: May 29 1975 12:00AM