Iron ores from Brazil and Australia now account for about 85 percent of the iron ores China import, compared to a 70-percent share at the beginning of 2014, Futures Daily reported on Monday.
The fact demonstrates that major miners have enlarged their market shares since the iron ore price slumped from early 2014, thanks to their low costs and capacity expansions.
The sluggishness of iron ore market has forced non-mainstream miners with high costs to gradually exit market on a global scale. Analysts expect the global leading iron ore miners to further expand market shares in the next one year.
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