Industry Analysis & Industry Trends
Over the five years through 2014-15, Iron Ore Mining industry revenue is expected to increase at an annualised 11.5% to $76.8 billion. Strong economic growth in large and developing nations, such as China and India, has increased steel production, fuelling demand for iron ore and contributing to high iron ore prices, particularly in the years prior to 2012-13. However, iron ore prices (denominated in US dollars) started falling in 2013-14, partly offset by a weaker Australian dollar. Overall, relatively high iron ore prices provided an incentive for Australian iron ore mining firms to increase production. This led to major capacity expansions and large-scale increases in Australia's iron ore output in the past five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Iron Ore Mining industry is in the growth phase of its life cycle. This is due to high global iron ore prices and industry profit levels over the past five years, with growth forecast to continue in the next five years. Strong demand from Chinese steel manufacturers has driven this growth. The impact of high prices and demand is expected to lift overall industry performance for the ten years through 2019-20, and also reflects the emergence of China as a major market. As a result, industry value added is expected to rise at an annualised 7.4% over the 10 years through 2019-20, compared with 2.7% annualised GDP growth estimated over the same period.
Industry production volumes have also grown, at a higher forecast pace of 8.2% annualised over the 10 years through 2019-20... purchase to read more