North Korea Iron Ore Market Outlook 2024

About

The report brings to your attention profound analysis of iron ore market in North Korea. Historical, present and future trends are covered. Experts’ opinions and estimations are provided.

• the North Korean economy depends heavily on anthracite, coal and iron ore exports
• North Korea has large-scale iron ore mines; iron ore resources are located in the provinces of Pyongan-do, Hamgyeong-do and Hwanghae-do
• iron ore is consumed locally mainly in the production of steel (98% of total consumption)
• almost all North Korean mines suffer from a lack of electricity and proper equipment, mine operation rates are low
• foreign investments are necessary to improve the situation in the iron industry but they are not likely to happen in the near future due to the politics
• China will continue to be the main partner and driver of overall North Korean market development

North Korea iron ore market report key points:

• data on reserves, deposits
• production
• demand structure, consumption trends
• prices
• consumers
• supply/demand forecast
• downstream markets

Report advantages:

• Based on the report data, conclusions about present market situation in North Korea will be made.
• Potential demand and future production will be figured out from the report.
• Data on market players will be given.
• End-use segments will be identified and estimated.

Besides, Merchant Research & Consulting offer Global Iron Ore Industry Report. Please see Iron Ore: Global Market Trends and Prospects to 2033.