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The profits of Australian companies will be reduced due to the expected decline in iron ore prices

59.9 million tons of iron ore were shipped to Chinese consumers in a month

The company is also planning a direct reduction plant with a capacity of 1.8 Mt

On an annual basis, the supply of coking coal fell by 20% in February 2023

Coking coal quotations for the week of March 6-13, 2023, in Australia decreased by 1.4%, and in China – by 0.6%

In 2021, India imported 411 thousand tons of Australian iron ore

The rate for Greece is 42.1%, for Spain – 6.3%

It is expected that in the current year the price will be $350/t

The value of iron ore exports in December increased to $7.42 billion

Market reports indicate potential interest from Chinese buyers

In the first half of the 2022/2023 fiscal year, the company shipped 96.9 million tons of iron ore to customers