Global Iron Ore Pellets Market Size is Estimated to be Valued Over US$ 26 BnPosted by Hannah Brown on June 21st, 2019 Global Iron Ore Pellets Market Size and Forecast: Regional Analysis Globally Asia Pacific dominated the global share in 2018. The region is dominated by China and South Asia. However, the iron pellets market registered slowdown in 2018 owing to weakening demand from China. Despite slowdown, the industry was able to manage stable price primarily due to arising needs from China and import from Eastern Europe countries. The demand for iron pellets in china will again see rise in China by 2020 end. Slowdown in the region is also attributed to cyclic factors. Pellet demand in China will again register upward trajectory growth by 2020, since mills are switching to emissions-friendly production processes as mandated by government of China. This will have positive impact on iron pellets market in China. India is one of the key exporter of pellets especially in Japan and China. Recently, in April 2019, 160,000 tons of pellets was shipped to China. While China has been a major importer of pellets, the country is already gripping with large inventories. This could affect overall profitability margin for India based players during the long term. While the inventory could pose a risk for India based players, export to China and Vietnam has increased post supply disruptions by Vale. North America stands next to Asia Pacific. Pellets in the region has been in demand due to blast furnace operating in the region. North America is the third largest producer of steel post China and Japan. Recently, in 2019, U.S. registered highest steel production since 2007. Over 95 million tonnes of steel was produced in U.S., highest since 2007. Growing industrialization is expected to steel industry run at 90% capacity utilization rate. This will further boost the overall demand for iron ore pellets in the region. To Know more, click here: https://bekryl.com/industry-trends/iron-ore-pellets-market-share-analysis Global Iron Ore Pellets Market Size and Forecast: Competition Landscape Key Iron Ore Pellets players are:
Industry Segmentation By Pellet Type:
By Applications:
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