Australia

Prices for coking coal have decreased at the beginning of November

Quotations of coking coal for the week of November 4-11, 2022 on the Australian market fell by 11%, and on the Chinese market – by 0.7%

Australia’s Calix will build a DRI production plant

The production capacity of the demonstration plant will be 30,000 tons of green steel per year

World prices for coking coal remain volatile

Quotations in the Australian market rose on the background of the rainy season, while the Chinese market fell on the background of a weak steel market

An increase in supply in the fourth quarter of 2022 will put pressure on iron ore market

A slowdown in demand for iron ore was observed in the third quarter of 2022

The Australian government predicts a decline in iron ore prices

The price of iron ore is expected to fall to $97/t in the 2022/2023 financial year

Coking coal exports from Australia to India fell to a two-year low in August 2022

In July-August 2022, Indian steelmakers actively ordered cheap coke from China and Indonesia. It reduced the demand for coking coal

Rio Tinto and China Baowu will create a joint venture for iron ore mining in Australia

The cost of the project will be $2 billion, the agreement must be approved by the governments of Australia and China

Fortescue в 2021/2022 фінансовому році скоротила прибуток на 40%
Fortescue cuts profit by 40% in 2021/2022 financial year

The company's financial indicators decreased against the background of falling prices of iron ore due to a decrease in demand in China

Australia canceled tariffs on pipes from China and South Korea

South Korean exporters were subject to anti-dumping duties of 6.2%, two Chinese producers were subject to 2.9% and 19.7%

Australia canceled tariffs on Ukrainian imports for a year

In 2021, Ukrainian imports to Australia amounted to about $122 million

China to increase iron ore imports with centralized purchases – FT

The government wants to increase its influence on pricing and increase domestic production

Australia to impose 35% duty on products from Russia, Belarus

The country ratching up economic sanctions in response to Russian invasion of Ukraine