Australia

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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

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

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

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