Title: Iron Ore and Steel Market Outlook
Duration: 45 minutes
Iron ore stocks have fallen rapidly over the recent months, as disruption at Vale SA operations caused total production to fall by 11.1% to 72.9 million tonnes year-over-year in the March quarter of 2019. After the accident, alumina penalties increased due to the raised proportion of the impurity in the global blend, from US$1.7/dmt on Jan 25 to US$4.7/dmt on Jan 31, before reaching a 2019-high of US$6/dmt on May 16. Buyers in China experienced an average of 29.2% year-over-year decline, to 9.5 Mt of iron ore shipments from Brazil in March. Meanwhile, after an initial assessment on the potential side effects of the Brumadinho dam collapse, S&P Global Ratings affirmed its BBB- ratings on Vale in March.
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Maximilian Court
Senior Research Analyst, Metals & Mining Research
S&P Global Market Intelligence
Chris Rogers
Research Analyst, Panjiva Supply Chain
S&P Global Market Intelligence
Elad Jelasko
DIrector, Credit Analyst (Commodities)
S&P Global Ratings
Hector Forster
Senior Editor - EMEA, Americas Steel Raw Materials, Metals Analytics
S&P Global Platts
Cristiano Zazzara Ph.D.
Managing Director, Head of Risk Services EMEA
S&P Global Market Intelligence
Dr. Cristiano Zazzara is Managing Director and Head of Risk Services Relationship Management, focusing on key market stakeholders, including C-level Executives and Regulators. He is an expert in financial risk management with over 20 years’ experience at banks, government agencies, service providers, Universities and think tanks.
Cristiano joined S&P Global Market Intelligence from MSCI Risk Metrics where he was the Head of Market, Credit, Counterparty Risk and OTC Clearing Business for the EMEA Banking sector and Global Head of Credit Advisory Business for Buy-side and Sell-Side Institutions. Previously, he was Managing Director in the Research & Strategy Unit of Unicredit Group, Managing Director and Head of the Internal Rating Unit at Capitalia Banking Group, and General Manager of the Italian Association of Banking and Finance (ASSONEBB). Dr. Zazzara also served as a financial economist at the Fondo Interbancario di Tutela dei Depositi, where he was the Head of the Research Department.
Dr. Zazzara received a BSc in Economics & Business and a MSc in Banking from the University La Sapienza of Rome, and a PhD in Management (Finance) from the Swiss Federal Institute of Technology in Lausanne (EPFL).
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