• First quarter
global iron ore production of 59 million tonnes (46 million tonnes attributable) was 10 per cent higher than the first quarter of 2011.
• Record
global iron ore production of 65 million tonnes was achieved in the quarter (51 million tonnes attributable) and 245 million tonnes for the full year (192 million tonnes attributable).
•
Global iron ore production of 49 million tonnes attributable (62 million tonnes on a 100 per cent basis) was up 12 per cent on the second quarter of 2010 and up 17 per cent on the first quarter of 2011.
Global iron ore production for the quarter totalled 62 million tonnes (49 million tonnes attributable), in line with the second quarter of 2011.
Not exact matches
Even though I know nothing about the
iron ore market, and certainly not as much as the CEO of Fortescue, I know arithmetic, and even before I heard Minack's discussion of the
global increase in
production, I simply could not get the arithmetic that connected Chinese interest rates with Australian
iron ore exports to work otherwise.
Among other things, this has seen the growth in
global steel
production stall, and hence lower growth in the demand for
iron ore and coking coal.
«The steel industry in China boomed from 5 percent of
global steel
production in the late 70s to almost 50 percent today; on the back of that surge was a voracious appetite for
iron ore» he says.
• Record
global iron ore shipments of 239 million tonnes in 2011 were below
production due to extreme weather conditions experienced in the first half of the year.