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iron ore import - Latest news GMK Center

Photo – China extends ban on BHP iron ore to new product
China extends ban on BHP iron ore to new product

This concerns the purchase of Jingbao fine ore from an Australian company

Photo – China to set record for iron ore imports in 2025 amid decline in steel output – Reuters
China to set record for iron ore imports in 2025 amid decline in steel output – Reuters

Iron ore imports are likely to exceed their historic high, while steel production will fall below 1 billion tons

Photo – China lifts partial ban on iron ore purchases from Australia’s Hancock
China lifts partial ban on iron ore purchases from Australia’s Hancock

Procurement was prohibited during the dispute between the parties, which lasted more than a year

Photo – China suspends iron ore purchases from BHP – Bloomberg
China suspends iron ore purchases from BHP – Bloomberg

China's CMRG and mining company held several unsuccessful meetings on terms of cooperation

Photo – China increased steel exports by 1.6% m/m in July
China increased steel exports by 1.6% m/m in July

Imports for the period decreased by 3.8% compared to June

Photo – India imported about 2.8 million tons of iron ore in January-April
India imported about 2.8 million tons of iron ore in January-April

JSW Steel became the largest importer in the period

Photo – Global iron ore prices fell by $1.5/t in early May
Global iron ore prices fell by $1.5/t in early May

Mining companies are forced to make concessions to buyers

Photo – Iron ore prices approach psychological barrier
Iron ore prices approach psychological barrier

Market participants do not predict further price increases

Photo – Iron ore prices overcome psychological barrier
Iron ore prices overcome psychological barrier

Investors and consumers fear further deterioration in trading conditions

Photo – Chinese ore prices rose slightly in early April
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

Photo – Iron ore spot prices rise slightly in mid-March
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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