coronavirus - Latest news GMK Center

During the last week, the value of iron ore on the Dalian Exchange decreased by 10.4%

Price of iron ore fell to $122.52/t

Overall, steel production fell by 8.7% in January-May due to coronavirus restrictions

At the same time, Chinese steelmakers reduced steel production by 10.3% in January-April

Easening of COVID restrictions in Tangshan affected the prices

The Group’s EBITDA shrank by 20% in January–June

Forecast for interest rate remains at 6%

Horst Wiesinger Consulting president talked about future of European and Ukrainian steel industry

The second quarter is expected to bring a deeper real GDP contraction

Tougher import rules on Ukraine’s key export markets jeopardize exports of around 0.5 million tons of steel

The reason is the growing number of COVID-19 cases in Ukraine

The Group increased sales of pellets by 21% over the five months