Power shift in iron ore affecting supply, price dynamics

Jan 31, 2012 | 07:00 PM | Bill Beck

Tags  iron ore market, steelmaking raw materials, Peter Kakela, Essar Steel Minnesota, Bill Beck

One of the quiet trends in North American iron ore during the past decade has been the transition from steelmaker ownership of the continent’s iron ore mines to a concentration in the hands of several large steelmakers and one major merchant producer/seller of iron ore. That ownership change has divided the steel industry in North America into two groups: those who have their own ore supplies and those who must buy their....

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