iron ore export - Latest news GMK Center

The largest consumer of raw materials is China – 276.79 million tons, or 71.2% of the total

Producers face rising costs and market volatility

Compared to September, iron ore supplies fell by 9.7%

The main exporter of raw materials is Australia – 646 million tons

The fall in global demand and prices for raw materials had a negative impact on shipment volumes

In September, these volumes increased by 3.2% compared to August – up to 75.9 million tons

The base price for iron ore in 2025 is expected to be $80/t

Compared to August 2023, export shipments of ore increased by 2%

In July, this indicator increased by 24% year-on-year

The main consumers of raw materials are China, Slovakia and Poland – 9.26 million tons, 3.03 million tons and 2.98 million tons, respectively

This is due to the increase in electricity prices, as well as the expected weakening of iron ore prices in China

The top three exporters are Australia, Brazil and South Africa