The rebound of the threatened North American iron ore industry

P. F. Marcus, K. M. Kirsis, P. J. Kakela

    Research output: Contribution to journalArticlepeer-review

    Abstract

    The North American iron ore industry in 1989 should continue strong, with total pellet output reaching a predicted 73 million gross tons (91% of the potential operating rate). The keys to the industry's recovery include: 1) a rationalization of the North American industry; 2) cost cutting at surviving mines; 3) US iron ore inventories having been drawn down; 4) increased Canadian ore sales to Europe; 5) a growth in domestic steel production, a function, in large part, of its competitive international position; 6) a weak US dollar, resulting in expanded exports and reduced imports. Upper Great Lakes ore prices are competitive with foreign ores in Lower Great Lakes markets. -F.C.F.Earney

    Original languageEnglish
    Pages (from-to)1,4-5
    JournalSkillings' Mining Review
    Volume77
    Issue number36
    StatePublished - 1 Jan 1988

    ASJC Scopus subject areas

    • Environmental Science (all)
    • Earth and Planetary Sciences (all)

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