In January-June 2023, the Kryvyi Rih Iron Ore Plant (KZHRK) reduced the production of marketable underground iron ore by 31.3% compared to the previous month – to 1.2 million tons. It is stated in the corporate enterprise’s newspaper.
During the first half of 2023, Ternivska mine produced 295 thousand tons of iron ore, which is 39.2% less y/y, Kozatska – 285.4 thousand tons (-39.9% y/y), Pokrovska – 247.6 thousand tons (-24.3% y/y), Kryvorizka – 377 thousand tons (-10.3% y/y).
The production of sinter ore in June decreased by 33.3% y/y, but in general remained at the level of May, in particular:
The company’s production plan for the production of commercial iron ore in June 2023 was 100% fulfilled.
As GMK Center reported earlier, in 2022 KZHRK reduced production of commercial iron ore from underground mining by 33.3% compared to 2021 – to 2.89 million tons.
In the 12 months of 2022, Ternivska mine produced 770,000 tons of marketable iron ore (-34% y/y), Kozatska – 783,000 tons (-29.1% y/y), Pokrovska – 582 thousand tons (-10.2% y/y), and Kryvorizka – 753 thousand tons (-46.6% y/y).
Kryvyi Rih Iron Ore Plant (KZHRK) is the largest producer of sinter ore in Ukraine. Most of its production volume is exported to Eastern Europe. KZHRK operates four underground mines. Its reserves amount to 210 million tons of rich iron ores, 58.6% Fe.
Steelmakers Tata Steel and British Steel are continuing negotiations with the UK government to finance…
September futures for iron ore, the most traded on the Dalian Commodity Exchange, have increased…
International credit rating agency Fitch Ratings predicts that steel production in China will grow in…
After the war, Metinvest will have "green" steel and modernized greener production facilities. The company's…
China's leading flat steel producer Baosteel has raised domestic prices for hot rolled coil (HRC)…
In January-April 2024, Ukrainian Railways JSC (UZ) reduced the transportation of iron ore through Ukrainian-Slovak…