What was the initial expectation for the iron ore market in 2019 before the deficit occurred?
Demand for Steel Is Robust for 2019, Says UBS’s Gordon

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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