Australia

The future of the country may lie in the use of DRI in conjunction with electric arc furnaces

Major iron ore producers are interested in the proposal of the Chinese company

Prices are currently forecast at $60/t and $140/t FOB for iron ore and coking coal

Quotations of coking coal for the week of April 11-18, 2023, in Australia decreased by 7.1%, in China – by 7.4%

The profits of Australian companies will be reduced due to the expected decline in iron ore prices

59.9 million tons of iron ore were shipped to Chinese consumers in a month

The company is also planning a direct reduction plant with a capacity of 1.8 Mt

On an annual basis, the supply of coking coal fell by 20% in February 2023

Coking coal quotations for the week of March 6-13, 2023, in Australia decreased by 1.4%, and in China – by 0.6%

In 2021, India imported 411 thousand tons of Australian iron ore

The rate for Greece is 42.1%, for Spain – 6.3%