The Global Iron Ore & Steel Forecast Conference 2010

Australia's iron ore industry has undergone an incredible transformation in just six years, driven largely by Chinas insatiable demand. Billions of dollars of mine expansions have been (or are) being undertaken by the majors, whilst the next generation of iron ore players in the Pilbara and the Mid West are currently planning their own projects.



 



Chinese investment in the iron ore sector has increased significantly, with many of the smaller iron ore players securing major investment by Chinese companies that will underpin their projects.



 



The iron ore pricing debate continues, with the Chinese insisting on an adherence to benchmark pricing system, whilst other buyers are warming to the new spot market that is emerging. Current thinking is that a hybrid model that combines the benchmark and spot market may be the way of the future. But, only time will tell as developments unfold. Come and gain an insight into the implications of this debate, and the potential ramifications for the wider industry.