The rebound of the threatened North American iron ore industry

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

The rebound of the threatened North American iron ore industry

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

Research output: Contribution to journal › Article › peer-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 language	English
Pages (from-to)	1,4-5
Journal	Skillings' Mining Review
Volume	77
Issue number	36
State	Published - 1 Jan 1988

ASJC Scopus subject areas

General Environmental Science
General Earth and Planetary Sciences

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

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AB - 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

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The rebound of the threatened North American iron ore industry

Abstract

ASJC Scopus subject areas

UN SDGs

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