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iron ore - Latest news GMK Center

Photo – Macquarie has maintained iron ore price forecast at $103/t for 2026
Macquarie has maintained iron ore price forecast at $103/t for 2026

The bank has revised its coking coal price forecasts upwards

Photo – DRI Expansion vs Pellet Gap: Production Surge & Feedstock Crunch
DRI Expansion vs Pellet Gap: Production Surge & Feedstock Crunch

DRI projects depend on partnerships with iron ore miners

Photo – Freight rates for iron ore fell in early June
Freight rates for iron ore fell in early June

The market is under pressure from fluctuations in freight volumes

Photo – BHP and Rio Tinto see growth potential in India and ASEAN
BHP and Rio Tinto see growth potential in India and ASEAN

In this way, companies are preparing to offset the stagnation in the steel market in China

Photo – India’s iron ore imports rose by 50 per cent y/y in the first five months
India’s iron ore imports rose by 50 per cent y/y in the first five months

The main driver was a significant increase in domestic steel production

Photo – Ukraine saw a 26.1% y/y fall in iron ore exports in January–May
Ukraine saw a 26.1% y/y fall in iron ore exports in January–May

The bulk of the raw materials was shipped to China, Slovakia and Poland

Photo – LKAB has received a permit to build a sponge iron plant
LKAB has received a permit to build a sponge iron plant

The company calls the decision the foundation for its long-term plans

Photo – China Baowu and Rio Tinto have completed trials of direct reduction using Pilbara Blend ore
China Baowu and Rio Tinto have completed trials of direct reduction using Pilbara Blend ore

The tests took place in China as part of the companies’ ongoing partnership on decarbonisation

Photo – Vale sees no signs of a decline in demand on global metals markets – CEO
Vale sees no signs of a decline in demand on global metals markets – CEO

The company expects the average price of iron ore in 2026 to be $112 per tonne

Photo – Ore shipments from Simandou could exceed 20 million tonnes in 2026
Ore shipments from Simandou could exceed 20 million tonnes in 2026

Guinean ore is not yet set to replace Brazilian ore in China due to its high alumina content

Photo – Iron ore prices fell by 3% in May
Iron ore prices fell by 3% in May

Commodity prices began to decline following an upward trend that had been in place since early March

Photo – China is demanding a thorough analysis of a new shipment of iron ore from Fortescue
China is demanding a thorough analysis of a new shipment of iron ore from Fortescue

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

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