iron ore

World Steel News
China increased steel exports by 6.3% y/y in Q1

Imports of iron ore decreased by 7.8% y/y over the period

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Iron ore prices overcome psychological barrier

Investors and consumers fear further deterioration in trading conditions

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Ukraine reduced iron ore exports by 5.7% y/y in Q1

Key volumes of raw materials were sent to China, Slovakia and Poland

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Brazil increased ore exports by 7.9% y/y in March

Shipments recovered from a 22-month low in February

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Chinese ore prices rose slightly in early April

So far, the changes have affected only low-grade products, but there are prerequisites for further price increases for the entire line

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LKAB reduced iron ore production by 13.3% y/y in 2024

Raw material supplies fell by 13.4% year-on-year

Global iron ore exports reached 1.6 billion tons in 2024

Australia has traditionally been a key supplier of raw materials

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Metinvest supplies iron ore to SSAB’s Finnish plant

Swedish company receives raw materials under annual contracts

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Iron ore spot prices rise slightly in mid-March

A decline in Chinese steel production and a reduction in imports have not led to a significant increase

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Iron ore production in China fell by 12.6% y/y in January-February

Production volumes amounted to 158.35 million tonnes

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Ukraine reduced iron ore exports by 21.4% m/m in February

In January-February, shipments decreased by 1.2% y/y

Sukha Balka starts development of a new block with reserves of over 40 thousand tons

The production unit at Frunze mine is planned to be developed in 2.5 months

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