Low iron ore prices complicate Brazilian producers’ expansion plans

Friday, 12 September 2014 20:58:17 (GMT+3)   |   Sao Paulo

A series of iron ore projects may be affected as a result of the low prices the market has seen for the product, according to media reports.

Last week, the product reached $83.60/mt in the Chinese spot market, and from the beginning of the year to now, it has accumulated a 40 percent value loss.

Brazilian companies like Companhia Siderurgica Nacional (CSN), Usiminas and Gerdau, which plan to increase iron ore production, may be affected, reports said.

Usiminas plans to increase its iron ore production from 8 to 12 million mt, according to reports, while Gerdau may raise its capacity from 18 million mt in 2016 to 24 million mt in 2018.

According to estimates from CSN, it may reach a 40-million mt capacity at its Casa de Pedra iron ore mine in the next year. Its current capacity is 24 million mt.


Similar articles

Daily iron ore prices CFR China - May 19, 2026

19 May | Scrap & Raw Materials

Major steel and raw material futures prices in China - May 19, 2026 

19 May | Longs and Billet

Daily iron ore prices CFR China - May 18, 2026

18 May | Scrap & Raw Materials

Major steel and raw material futures prices in China - May 18, 2026 

18 May | Longs and Billet

Daily iron ore prices CFR China - May 15, 2026

15 May | Scrap & Raw Materials

Major steel and raw material futures prices in China - May 15, 2026 

15 May | Longs and Billet

CSN net losses declined 24.1 percent in Q1 2026

14 May | Steel News

Iron ore prices in China maintain strong trend above $110/mt CFR, further rises doubtful

14 May | Scrap & Raw Materials

India iron ore exports jump in April 2026 on stronger Chinese bookings, improved logistics

14 May | Steel News

Iron ore exports via Port Hedland down 0.2 percent in April 2026 from March

14 May | Steel News

Marketplace Offers

DRI
Dimensions:  9 - 16 mm
SUEZ STEEL CO.
Lumps
Dimensions:  0 mm
ATAY COMPANY
Lumps
Dimensions:  0 mm
Wuchan zhongda international group