Demand for Steel Is Robust for 2019, Says UBS’s Gordon

Demand for Steel Is Robust for 2019, Says UBS’s Gordon

Assessment

Interactive Video

Business

University

Hard

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The video discusses the current state of the iron ore market, highlighting a shift from a surplus to a deficit due to the Valley disaster. It examines the potential impact of a Brazilian government review on Valet's operations, which could affect global iron ore prices. The discussion also covers the role of smaller producers and the potential for increased production. Additionally, the video forecasts trends in the steel market, noting that while demand remains robust, margins are under pressure. The forecast suggests a rise in steel prices, contingent on Valet's return to the market.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial expectation for the iron ore market in 2019 before the deficit occurred?

A 50 million ton surplus

A balanced market

A 20 million ton surplus

A 30 million ton deficit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What could potentially happen if the Brazilian government conducts a wholesale review of Vale's operations?

Iron ore prices could rise to $150 a ton

Iron ore prices could hover around $80 to $100 a ton

Iron ore prices could stabilize at $50 a ton

Iron ore prices could drop significantly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What historical event led to a reduction in the number of countries exporting iron ore to China?

The 2008 financial crisis

The fall in iron ore prices after 2013

The rise in steel production in 2010

The increase in iron ore prices in 2015

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long does it typically take to reactivate mothballed iron ore mines?

3 to 6 months

1 to 2 months

6 to 12 months

12 to 18 months

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected impact on steel prices if steel production in China remains flat?

Steel prices will decrease

Steel prices will remain stable

Steel prices will collapse

Steel prices will rise