April 19 (Reuters) - Will the supply deficit pushing iron ore spot market prices to record highs above $175 a tonne .IO62-CNI=SI this year turn to glut in a few years?
Current demand for 1.3 billion tonnes of iron ore produced annually suggests a deficit, according to official Australian government forecasts. But that deficit could vanish if iron ore output matches growth forecasts of 50 percent more ore by 2015.
At the same time steel output is widely forecast to grow by only a third, to about 1.7 billion tonnes.
The following is a list of the top 20 iron ore producers worldwide. World’s Largest Iron Ore Producers: 2010 COMPANY
COUNTRY CAPACITY (mtpy) Vale Group VALE5.SA> Brazil 417.1 Rio Tinto (RIO.AX)RIO.L>
Australia 273.7 BHP Billiton BHP.AX><BLT.L Australia 188.5 ArcelorMittal Group ISPA.AS U.K. 78.9 Fortescue Metals Group FMG.AX> Australia 55.0 Evrazholding Group Russia 50.4 Metalloinvest Group Russia 44.7 AnBen Group
China 44.7 Metinvest Holding Group Ukraine
42.8 Anglo American Group AAL.L> South Africa 41.1 LKAB Group Sweden 38.5 CVG Group
Venezuela 37.9 Cleveland-Cliffs Group (CLF.N) U.S. 34.6 NMDC Group (NMDC.BO) India 32.6 Imidro Group Iran 29.8 CSN Group (CSNA3.SA) Brazil 28.0 Shougang Beijing Group China 26.5 U.S. Steel Group (X.N) U.S. 23.5 ENRC Eurasian Natural Res. Kazakhstan 19.7 Wuhan Iron & Steel Group China 18.6 Source: www.steelonthenet.com (Compiled by James Regan)