According to UBS said in a
report that some miners continued to cut the iron ore production, but iron ore
supply will continue to grow this year.
Rio Tinto will launch an annual production capacity of 60 million tons of iron
ore.
In the meantime, UBS said that BHP Billiton's production may reach 270 million
tons in 2016, up from previous 260 million tons.
However, it is predicted that the despite other recent miners cut the
production output, the global iron ore supply surplus will continue to increase
in the medium term of this year.
yieh.com