Australia

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Prices for coking coal at the beginning of December slightly increased – $250/t

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

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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%

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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

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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

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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

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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

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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

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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

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China to increase iron ore imports with centralized purchases – FT

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

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