iron ore import - Latest news GMK Center

Import volumes increased amid fluctuations in global commodity prices and lower domestic supplies

The country is likely to import up to 120 million tons of this raw material during this period

The total import of iron ore to the country for 7 months amounted to 6.68 million tons

Low domestic sales and fears of an increase in trade conflicts in the future contributed to the hyped sales

In July, imports increased by 10% y/y and 5.3% m/m

Chinese steelmakers are restocking despite uncertainty about steel demand

The total import of iron ore to the country for 5 months amounted to 4.48 million tons

The total import of ZRS by Turkish consumers during the period amounted to 3.6 million tons

The increase in raw material imports contrasts with the weakness of steel production

The import of steel products during this period decreased by 3.7% y/y

The total import of raw materials to the country in January 2024 decreased by 18.7% y/y

Several leading Chinese steel mills have delegated all urgent procurement to China Mineral Resources Group