iron ore

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Construction activity in China to support iron ore demand

Most Chinese steel mills have adequate raw material inventory levels

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EU reduced iron ore imports by 11% y/y in 2023

Over the year, Ukraine increased its shipments of munitions to the EU by 3.7% y/y

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Global iron ore trade grew by 5% y/y in 2023

The indicator improved thanks to the growth of steel production in China

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Ukraine exported 3.11 million tons of iron ore in January

Shipments increased by 94% compared to December, and 3.4 times compared to January 2023

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Jindal Steel’s iron ore mining project in South Africa faces challenges

The environmental application for the $2 billion project was rejected

Rio Tinto
Rio Tinto and BHP to cooperate with BlueScope in the production of green pig iron

The companies will explore developing a pilot electrosmelting facility (ESF) in Australia

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Polish port of Gdynia handled 8 thousand tons of iron ore in 2023

The raw material was probably transiting from Ukraine, as the port has not handled iron ore cargoes since 2017 until 2022

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Strategies of major mining companies diverge amid decarbonization – IEEFA

The transition of steel industry to the use of DRI will lead to changes in the quality profile of iron ore

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Turkiye imported about 600 thousand tons of iron ore from Ukraine in 2023

The total import of iron ore by Turkish consumers amounted to 9.58 million tons

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Investments in the mining industry in Brazil will amount to $64.5 billion in 2024-2028

The iron ore segment will account for $17 billion of the total amount

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China Baowu plans to invest about $1 billion in the development of Simandou

The company raised $1.4 billion by issuing three-year bonds. 70% of the capital is invested in an iron ore project in Guinea

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Fortescue reduced iron ore shipments by 2% y/y in the first half of FY2023/2024

In the second quarter, the company increased shipments of raw materials by 6% q/q

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