Unexpected maintenance reliability problems with BHP's car dumpers — the giant machines that can pick up and empty a fully loaded rail car of ore — forced the resources giant to
reduce iron ore production guidance for 2017 - 18 to between 272 million tonnes and 274 million tonnes, just down from its previous guidance of 275 million tonnes and 280 million tonnes.
By: Robyn Wilkinson 22nd July 2016 Despite China's commitment to
reducing its crude steel
production capacity, the
iron -
ore market remains oversupplied and this is unlikely to change in the foreseeable future, says engineering consultant Core Consultants CEO Lara Smith.