radoffMay 5, 2021
Stratview Research’s report on Iron Ore Pellets Market aims to deliver inclusive information on the market by taking into account several aspects of market research and analysis such as market size valuations, market dynamics, positioning and segmentation, competitive landscaping, and, opportunity analysis. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact books, etc.
For a more detailed breakdown of the COVID-19 impact on the Iron Ore Pellets Market,
The COVID-19 impact on the market
The unexpected changes in the global markets caused by the sudden outbreak of the COVID-19 virus have caused massive and significant tremors in industries of all sizes, including the Iron Ore Pellets Market. The steady slowdown of industries, on the other hand, would undoubtedly put a cap on the previously projected growth rate.
The spread between prices for 65% Fe iron ore and 62% Fe products will likely remain wide in the near term due to tight supply of high-grade Carajas fines, market sources told Fastmarkets this week.
Key drivers
Prices for iron ore concentrate surged on strong demand and gains recorded for 65% Fe iron ore swaps, sources said.
A trading source in Singapore said that cargoes of iron ore concentrate, which are typically priced against 65% Fe indices, were mostly flipping from carrying discounts to premiums.
Demand for high-grade iron ore is high now while supply is limited, which push up prices further, he added.
A buyer source in southern China concurred, saying restrictions to lower emission in the Tangshan region - the country’s steelmaking hub - boosted demand for concentrate, which is advantageous in that it has a high Fe content and low impurities.
Iron Ore Pellets Market Size 2020, Share, Regional Analysis, Key Players and Key Figures Reviewed in Latest Research Report 2027 by Reports and Data
Iron Ore Pellets Market Size – USD 63.89 Billion in 2019, Growth - CAGR of 5.5%, Trends – High demand from Steel Industry.
This press release was orginally distributed by SBWire
New York, NY (SBWIRE) 12/22/2020 The iron ore pellets market is set to attain a valuation of USD 94.76 billion by 2027, registering a CAGR of 5.5%, according to the latest report by Reports and Data. The global iron ore pellets market is expected to witness significant growth due to the rapid increase in demand for steel in the construction industries. The applications of iron ore pellets are widespread in several industries including steel production, and iron-based chemical industries.