Australia - Latest news GMK Center

The company expects to produce pellets and hot briquetted iron (HBI) in the Port Hedland region

At the same time, the volume of foreign shipments of iron ore and coking coal will increase

In August, the country shipped 71.7 million tons of iron ore to foreign markets

The industry association reminds that many countries are already working on the decarbonization of production

Consultations on this issue will be held in the country

In the 2023/2024 financial year, the company expects to extract 254-264.5 million tons of iron ore

Revenues from the export of raw materials will decrease due to the slowdown in China's economic growth

In 2023, according to the forecasts of the country's government, coking coal quotes will be at the level of $273/t

The future of the country may lie in the use of DRI in conjunction with electric arc furnaces

Major iron ore producers are interested in the proposal of the Chinese company

Prices are currently forecast at $60/t and $140/t FOB for iron ore and coking coal

Quotations of coking coal for the week of April 11-18, 2023, in Australia decreased by 7.1%, in China – by 7.4%