Brazil - Latest news GMK Center

The export of iron ore pellets increased by 93.7% y/y in 4 months

In January-May, Brazilian mining companies increased the export of iron ore by 10.7% y/y

The stoppage is planned for the end of May 2023

60% of the investments planned for the current year will be directed to operations in the state

At the first stage, the plant plans to increase production from the current 2.85 million tons per year to 3 million tons per year

The company's sales of iron ore on the domestic market increased by 40.4% y/y

The production of iron ore pellets until 2030 is planned at the level of 100 million tons per year

The plan is to extract 540,000 tons of iron ore per year from mines near the city of Porto Grande

The company's sales of iron ore on the domestic market increased by 19.6% y/y

The new forecast is more optimistic than the previous one and reflects increased expectations for GDP growth in the countries of the region

Brazil has huge opportunities to increase steel consumption and feels the need to create additional infrastructure

According to the results of 5 months, Brazilian products took 15% of the total EU steel imports