Noted the ever ... that is, ever increasing iron-ore export deals from WA mines, let alone other global supply mines.
FMG announced further expansion, BHP & RIO, + many others!
Wondered how much the mix is of coal vs iron-ore to create steel?
Here's a start:
http://www.worldcoal.org/coal/uses-of-coal/coal-steel/
770kg Coking coal (CC) for every 'basic oxygen furnace' produced tonne of steel, for instance.
Raw fig I think is 600kg CC per tonne iron-ore for steel,..
So with an expansion plan to ramp up to 240 million tonne p/a for fmg, requires 144 mil/tn of CC p/a!
Demand building for CC ?
Sure bet it is!
no wonder the likes of the BHP's are noting that CC is a raw product in demand, with supply tightening from 2015 +
Well here's to our future ... !
Cheers :)
Noted the ever ... that is, ever increasing iron-ore export...
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