Australia - Latest news GMK Center

The company has cut dividends to their lowest level since 2018 and warned of rising costs in the Pilbara region

Australian supplies during this period decreased by 4% year-on-year

The company increased its output in the Pilbara region by 20% q/q

Even with political support, production costs will be twice as high as in the Middle East or China

Amid declining demand from China and rising production, iron ore prices will continue to fall until 2027

Large volumes from non-Australian suppliers appeared on the market

The project has received the necessary permits, with first production scheduled for 2027

Global steel producers with green ambitions are showing interest in the asset owned by Sangeet Gupta's GFG Alliance

The new center will focus on research to reduce carbon emissions in steel production

The market is affected by a drop in domestic demand for steel in this country

Cyclones in Australia disrupted the company's plans, which warns of the risk of disrupting the forecast for 2025

The equipment will be supplied by Italian Danieli