Downturn in steel demand affecting iron ore market,
2009-6-26 · Global iron ore production increased 3.6% in 2008, despite declining demandGeneva, 26 June 2009 - Demand for iron ore will surely be lower in 2009 than in 2008, the UNCTAD publication The Iron Ore Market 2008-2010 says, and a current oversupply situation, in which falling steel production is occurring as iron ore production capacity increases, will not go away
