iron ore import - Latest news GMK Center

The main driver was a significant increase in domestic steel production

Over the same period, the country increased its iron ore imports by 6.3% y/y

China Mineral Resources Group is seeking to strengthen its position in negotiations over iron ore trade

In April, exports of rolled steel products fell by 9.2% y/y, while ore imports rose by 0.7% y/y

Compared to the previous month, the figure decreased by 11%

Companies are required to report transactions involving raw materials to the CMRG

In January–March, these volumes totaled 24.71 million tons

The increase in imports is due, in particular, to a shortage of high-quality raw materials within the country

Imports of steel products fell by 21.7% y/y during the period

The state buyer urged traders to refrain from purchasing new cargoes

Ukrainian ore supplies have fallen by more than half, but the country remains among key partners

Limited domestic supply leads to a significant increase in imports