Over the last period, the uncertainty and volatility in the iron ore industry is associated with an extreme drop in prices due to oversupply. Due to the low outlook for demand for these raw materials in China and Europe, the symposium highlighted the need to adapt the entire supply chain to new conditions.
At this critical juncture, key issues affecting the iron ore market will be addressed, including through in-depth analysis of demand dynamics in the European steel industry, but with a focus on China's economic development trends. Iron ore derivatives prices and market shaping, logistics and renewal in regions such as India and West Africa also require detailed research.
The International Iron Ore Symposium brought representatives from heavy industries to Vienna, as well as delegates from the entire supply chain, to assess the prospects for the market. With increased connectivity, this conference provided the ideal setting for addressing environmental issues. In addition, the symposium is an ideal place to start and build new business relationships.
“The best opportunity to connect to the world of iron ore,” said Stephanie Winkler, Process Engineer at Outotec GMBH, noting “The mix of important topics and the presence of powerful companies in the marketplace at every stage of the value chain”.
The main topics for discussion were:
- Prospects for the Chinese iron ore sector and factors affecting Chinese demand for iron ore;
- In-depth analysis of the evolution of the iron ore market;
- The European steel sector is in the spotlight, with presentations from key industry players;
- Analysis of the dynamics of demand and supply of iron ore depending on the length of supply chains.
