The iron ore market is turning a corner amidst extreme market changes. With decarbonization and green steel discussed in every major steel boardroom, the outlook for this important steelmaking ingredient is evolving quickly. Demand for high-grade ores of 65% and above is expected to continue. The impact of positive monetary policy and infrastructure investments could further boost demand for high-grade iron ore throughout the year. But with additional pressure from green steelmaking technology requirements, seasonal demand lows, and China’s production cuts, demand and prices could remain uncertain throughout 2022.
The conference agenda is designed around questions and business challenges like: How can the industry support the switch to green technologies and renewable energy? Should the market expect a repeat of the record-breaking prices experienced in 2021? Is low-grade iron-ore here to stay, or will the rise of the 65% make lower grades obsolete in the coming years? Will China’s production cuts disrupt supply/demand dynamics and force stockpiling measures throughout 2022?
On June 8 at 12 CET, Stefano Maggiolino, Tenova HYL CEO, will participate in the panel discussion “EU Steelmaking Sector: New Technological Frontiers and Hydrogen DR”, conversing about Energiron®, the innovative HYL Direct Reduction Technology jointly developed by Tenova and Danieli. On the same day, at 16:20, Paolo Stagnoli, Tenova Commercial Director EAF & LF, will present the “Tenova Approach for Decarbonization of the Steel Industry”.