Australia - Latest news GMK Center

The average price of iron ore this year will be $102/ton

Revenues from the supply of iron are expected at the level of $75.8 billion

Quotations of coking coal for the week of November 28 – December 5 in Australia increased by 1.2%, and in China – remained at the same level

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%

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

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

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

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

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

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

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

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