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

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.

What role do smaller producers play in the iron ore market?

How do steel production and margins in China affect the iron ore market?