iron ore News — GMK Center https://gmk.center/en/tag/iron-ore/ This is an informational-analytical, discussion platform Wed, 03 Jun 2026 13:37:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png iron ore News — GMK Center https://gmk.center/en/tag/iron-ore/ 32 32 <![CDATA[Iron ore prices fell by 3% in May]]> https://gmk.center/en/news/iron-ore-prices-fell-by-3-in-may/ Wed, 03 Jun 2026 13:36:49 +0000 https://gmk.center/?post_type=news&p=124454 Iron ore prices (KORE 62% Fe/Qingdao) began to decline in late May–early June 2026 following a prolonged recovery that had been underway since early March. As of June 3, iron ore prices stood at $106.8/t CFR, down 3.3% from May 1, while the average price for May was $111.2/t compared to $109.4/t in April, indicating […]

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]]> <![CDATA[China is demanding a thorough analysis of a new shipment of iron ore from Fortescue]]> https://gmk.center/en/news/china-is-demanding-a-thorough-analysis-of-a-new-shipment-of-iron-ore-from-fortescue/ Wed, 03 Jun 2026 08:18:07 +0000 https://gmk.center/?post_type=news&p=124403 The Chinese state-owned company China Mineral Resources Group Co. (CMRG) has instructed certain steel mills that consume significant volumes of raw materials from Australia’s Fortescue to approach the supplier with inquiries regarding its new low-grade product, Fortune Fines (with a 55% iron content). This was reported by Bloomberg. The reason for this move is that […]

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]]> <![CDATA[The EU has reduced its imports of raw materials by 11% since 2020]]> https://gmk.center/en/infographic/the-eu-has-reduced-its-imports-of-raw-materials-by-11-since-2020/ Mon, 01 Jun 2026 10:15:13 +0000 https://gmk.center/?post_type=infographic&p=124304 Between 2020 and 2025, the EU gradually reduced its dependence on iron ore imports; however, the market remained structurally import-dependent, with domestic production concentrated almost entirely in Sweden. Over six years, iron ore imports from third countries fell by 11.3%—from 77.9 million tons in 2020 to 69.0 million tons in 2025. The peak was reached […]

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]]> <![CDATA[Freight rates for iron ore in May are fluctuating within a narrow range]]> https://gmk.center/en/news/freight-rates-for-iron-ore-in-may-are-fluctuating-within-a-narrow-range/ Mon, 25 May 2026 07:09:00 +0000 https://gmk.center/?post_type=news&p=123993 Iron ore freight rates in May 2026 are fluctuating within a narrow range. According to Kallanish, on the benchmark Tubarao (Brazil) – Qingdao (China) route, rates stood at $36.15/t as of May 22, down 2% from the previous week ($37/t). At the end of last month (April 24), the rate was $33/t. Meanwhile, rates on […]

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]]> <![CDATA[Iron ore prices have risen by 3.9% since the beginning of May]]> https://gmk.center/en/news/iron-ore-prices-have-risen-by-3-9-since-the-beginning-of-may/ Mon, 18 May 2026 09:54:47 +0000 https://gmk.center/?post_type=news&p=123774 As of May 15, 2026, iron ore prices (KORE 62% Fe/Qingdao) had risen by 3.9% compared to May 1, reaching $114.7/t CFR. Over the past month (April 17–May 15), prices rose by 5.3%, indicating a market recovery and reaching their highest level since late May 2025. At the end of April, the iron ore market […]

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]]> <![CDATA[Ukraine’s iron ore exports fell by 30.3% y/y in January–April]]> https://gmk.center/en/news/ukraine-s-iron-ore-exports-fell-by-30-3-y-y-in-january-april/ Mon, 18 May 2026 09:18:08 +0000 https://gmk.center/?post_type=news&p=123764 In January–April 2026, Ukraine’s mining industry reduced iron ore exports by 30.3% compared to the same period in 2025, down to 7.77 million tons. This is according to calculations by the GMK Center based on data from the State Customs Service. China has traditionally been the largest consumer of Ukrainian iron ore. During the period, […]

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]]> <![CDATA[India increased iron ore imports in April by 2.6 times y/y]]> https://gmk.center/en/news/india-increased-iron-ore-imports-in-april-by-2-6-times-y-y/ Fri, 08 May 2026 08:07:01 +0000 https://gmk.center/?post_type=news&p=123415 Iron ore imports (including pellets) to India in April 2026 fell by 11% compared to March, to 1 million tons. At the same time, this figure was significantly higher than in April 2025, when imports stood at 0.4 million tons. This was reported by BigMint. Malaysia and Brazil were the main exporters during the month, […]

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]]> <![CDATA[The total railways transportation of iron and steel has fallen by 53% since the start of the war]]> https://gmk.center/en/infographic/the-total-transportation-in-the-iron-and-steel-sector-has-fallen-by-53-since-the-start-of-the-war/ Wed, 29 Apr 2026 06:00:09 +0000 https://gmk.center/?post_type=infographic&p=123027 Cargo from the iron and steel sector (iron ore, ferrous metals, coal, coke, and limestone for fluxing) accounts for an average of 47% of Ukrzaliznytsia’s total freight volume. The total volume of iron and steel sector freight in 2025 decreased by 53% compared to 2021—from 163.3 million tons to 76.8 million tons. Over the past […]

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]]> <![CDATA[Iron and steel sector contributed 5.5% to the GDP of Ukraine in 2025]]> https://gmk.center/en/news/iron-and-steel-sector-contributed-5-5-to-the-gdp-of-ukraine-in-2025/ Tue, 21 Apr 2026 09:23:22 +0000 https://gmk.center/?post_type=news&p=122754 Ukraine’s iron & steel sector has been among the hardest hit by the war, nevertheless, it remains a cornerstone of the national economy, contributing 5.5% to GDP in 2025. It’s stated in the GMK Center study “Economic impact of iron & steel industry of Ukraine 2025”. The share of the iron & steel industry decreased […]

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]]> <![CDATA[Ukraine’s iron ore mining sector remains under pressure in 2026]]> https://gmk.center/en/infographic/ukraine-s-iron-ore-industry-under-pressure-in-2025-2026/ Fri, 17 Apr 2026 06:00:44 +0000 https://gmk.center/?post_type=infographic&p=122651 The Ukrainian iron ore market in 2025 experienced a decline in both production and export volumes. Production decreased by 3.4%, while exports fell by 3.3%. The negative trend intensified in 1Q 2026, with iron ore exports dropping by 33.9% year-on-year. The sector continues to face substantial structural challenges. One of the key pressures is the […]

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]]> <![CDATA[India has introduced a new pricing system for low-grade iron ore]]> https://gmk.center/en/news/india-has-introduced-a-new-pricing-system-for-low-grade-iron-ore/ Thu, 16 Apr 2026 09:15:29 +0000 https://gmk.center/?post_type=news&p=122640 The Indian government has introduced a new pricing system for low-grade iron ore, according to The Economic Times. This move is intended to encourage its use and aims to reduce waste, improve resource utilization, and ensure a stable supply for the steel industry. It is expected that this, among other things, will help address the […]

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]]> <![CDATA[Iron ore prices continue their upward trend in April]]> https://gmk.center/en/news/iron-ore-prices-continue-their-upward-trend-in-april/ Wed, 15 Apr 2026 14:36:34 +0000 https://gmk.center/?post_type=news&p=122621 The average price of KORE 62% Fe iron ore (Qingdao, CFR) in April (April 1–17), 2026, rose by 2.3% compared to March prices, reaching $108.78/t. As of April 17, the price stood at $108.04/t, up 1.3% from March 13. At the beginning of the month, the market gained upward momentum. Prices were supported by the […]

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]]> <![CDATA[China will ease restrictions on certain shipments of BHP iron ore]]> https://gmk.center/en/news/china-will-ease-restrictions-on-certain-shipments-of-bhp-iron-ore/ Tue, 14 Apr 2026 07:50:12 +0000 https://gmk.center/?post_type=news&p=122539 China Mineral Resources Group (CMRG), a state-owned Chinese iron ore buyer, has informed several of the country’s steel mills that, starting April 14, they may purchase certain shipments of BHP iron ore denominated in U.S. dollars, according to Bloomberg. This is a clear concession in the months-long commercial dispute with the mining company, the agency […]

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]]> <![CDATA[Ukraine reduced iron ore exports by 33.9% y/y in Q1]]> https://gmk.center/en/news/ukraine-reduced-iron-ore-exports-by-33-9-y-y-in-q1/ Wed, 08 Apr 2026 09:27:31 +0000 https://gmk.center/?post_type=news&p=122388 In January–March 2026, Ukraine’s mining industry reduced iron ore exports by 33.9% compared to the same period in 2025, down to 5.61 million tons. Compared to the previous quarter, shipments decreased by 18.1%. This is evidenced by calculations from the GMK Center based on data from the State Customs Service. China has traditionally been the […]

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]]> <![CDATA[India’s Fomento is investing $480 million in an iron ore project in Brazil]]> https://gmk.center/en/news/india-s-fomento-is-investing-480-million-in-an-iron-ore-project-in-brazil/ Mon, 06 Apr 2026 08:43:44 +0000 https://gmk.center/?post_type=news&p=122284 Fomento do Brasil Mineração, a subsidiary of the Indian company Fomento Resources, plans to invest $480 million in the Ferro Potiguar iron ore project in the Brazilian state of Rio Grande do Norte in the north of the country. This was reported by BNamericas. In addition, the company is exploring the possibility of producing steel […]

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]]> <![CDATA[Vale aims to gradually expand its presence in India]]> https://gmk.center/en/news/vale-aims-to-gradually-expand-its-presence-in-india/ Tue, 31 Mar 2026 08:03:03 +0000 https://gmk.center/?post_type=news&p=122101 Brazilian mining company Vale is looking to expand its business in India, not only by increasing ore shipments to the country but also by exploring other opportunities. Vale’s Executive Vice President of Commercial Operations, Rogerio Nogueira, spoke about this in an interview with Bloomberg. ““India could be an opportunity not just for sales, but also to […]

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]]> <![CDATA[Iron ore prices rose by nearly 7% in March amid supply risks]]> https://gmk.center/en/news/iron-ore-prices-rose-by-nearly-7-in-march-amid-supply-risks/ Mon, 30 Mar 2026 11:03:39 +0000 https://gmk.center/?post_type=news&p=122075 Iron ore prices rose by 6.9% during the period from February 27 to March 27, 2026, reaching $107.74/t CFR (KORE 62% Fe/Qingdao). The average price for the raw material in March was $106.33/t, compared to $101.53/t in February. Thus, the market recouped some of its previous losses and returned to levels around $108/t CFR over […]

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]]> <![CDATA[LKAB will temporarily shut down one of its pellet plants in Kiruna]]> https://gmk.center/en/news/lkab-will-temporarily-shut-down-one-of-its-pellet-plants-in-kiruna/ Mon, 30 Mar 2026 09:22:35 +0000 https://gmk.center/?post_type=news&p=122045 The Swedish mining company LKAB is changing its production plan at the Kiruna deposit to ensure safe and stable operations in the long term. Due to local mining and geological conditions, the company is forced to adjust the mining sequence, which will temporarily reduce the volume of raw materials for the pellet plants, according to […]

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]]> <![CDATA[Iron ore prices are rebounding in March after stagnating in February]]> https://gmk.center/en/news/iron-ore-prices-are-rebounding-in-march-after-stagnating-in-february/ Tue, 17 Mar 2026 11:17:12 +0000 https://gmk.center/?post_type=news&p=121477 The global iron ore market rebounded in March following a weak February, when prices hovered around $100/t CFR (KORE 62% Fe/Qingdao). As of March 16, prices had risen to $107.58/t, up 7.6% from the previous month and 0.6% from the start of the year. The main driver of growth in March was not so much […]

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]]> <![CDATA[China extends ban on BHP iron ore imports – Reuters]]> https://gmk.center/en/news/china-extends-ban-on-bhp-iron-ore-imports-reuters/ Thu, 12 Mar 2026 11:42:55 +0000 https://gmk.center/?post_type=news&p=121308 China Mineral Resources Group (CMRG), a Chinese state-owned buyer, is extending its ban on iron ore from mining company BHP for the second time in two weeks, Reuters reports, citing sources. On March 12, CMRG informed Chinese steel mills and traders that, starting next week, they will be prohibited from accepting shipments of Newman fines, […]

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]]> <![CDATA[Ukraine reduced iron ore exports by 40.9% y/y in January-February]]> https://gmk.center/en/news/ukraine-reduced-iron-ore-exports-by-40-9-y-y-in-january-february/ Wed, 11 Mar 2026 13:16:42 +0000 https://gmk.center/?post_type=news&p=121255 In January-February 2026, Ukraine’s mining industry reduced iron ore exports by 40.9% compared to the same period in 2025, to 3.31 million tons, the lowest level since 2023. This is evidenced by GMK Center calculations based on data from the State Customs Service. China is traditionally the largest consumer of Ukrainian iron ore. During the […]

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]]> <![CDATA[Australia watches companies negotiate with China over iron ore]]> https://gmk.center/en/news/australia-watches-companies-negotiate-with-china-over-iron-ore/ Tue, 24 Feb 2026 13:10:06 +0000 https://gmk.center/?post_type=news&p=120567 Australia is closely monitoring negotiations between major iron ore producers and Chinese state-owned buyer China Minerals Resources Group (CMRG) due to the potential impact of lower prices for this raw material on the federal budget. This was stated by the country’s Minister of Natural Resources, Madeleine King, according to Reuters. «Iron ore is the backbone […]

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]]> <![CDATA[Iron ore prices have fallen by more than 6% since the beginning of the year]]> https://gmk.center/en/news/iron-ore-prices-have-fallen-by-more-than-6-since-the-beginning-of-the-year/ Sun, 22 Feb 2026 11:21:54 +0000 https://gmk.center/?post_type=news&p=120432 Prices for Qingdao iron ore (KORE 62% Fe) fell by 6.3% to $100.26/t CFR between December 26, 2025, and February 20, 2026. Currently, quotations are at their lowest level since August 2025. At the beginning of 2026, the iron ore market was influenced by a combination of seasonal and fundamental factors that gradually shifted the […]

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]]> <![CDATA[ANNOUNCEMENT: 22nd Steel Development Strategy Conference]]> https://gmk.center/en/news/announcement-22nd-steel-development-strategy-conference/ Wed, 11 Feb 2026 11:54:10 +0000 https://gmk.center/?post_type=news&p=119973 The 22nd Steel Development Strategy Conference, organized by SteelHome, will be held in Shanghai, China, from April 16 to 17, 2026. The conference will focus on a wide range of key issues related to the dynamics and challenges in the steel, iron ore, coal, and coke markets. The event will serve as a platform for […]

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]]> <![CDATA[Ukraine reduced iron ore exports by 34.4% y/y in January]]> https://gmk.center/en/news/ukraine-reduced-iron-ore-exports-by-34-4-y-y-in-january/ Tue, 10 Feb 2026 14:22:24 +0000 https://gmk.center/?post_type=news&p=119936 In January 2026, Ukraine’s mining industry reduced iron ore exports by 34.4% compared to January 2025, to 2.05 million tons. Compared to the previous month, the figure decreased by 7.5%. This is evidenced by GMK Center calculations based on data from the State Customs Service. China is traditionally the largest consumer of Ukrainian iron ore. […]

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]]> <![CDATA[BHP seeks alternative ore buyers amid contract dispute with China – Reuters]]> https://gmk.center/en/news/bhp-seeks-alternative-ore-buyers-amid-contract-dispute-with-china-reuters/ Mon, 26 Jan 2026 09:52:38 +0000 https://gmk.center/?post_type=news&p=119187 Mining company BHP Group has shipped Jimblebar iron ore, banned from sale in China, to Malaysia and Vietnam in search of alternative buyers, Reuters reports. In September 2025, China Mineral Resources Group (CMRG), a Chinese state-owned buyer, banned Chinese steel mills and traders from purchasing Jimblebar Blend Fines (JMBF) from BHP, a type of medium-grade […]

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]]> <![CDATA[Fortescue strengthens cooperation with China for uninterrupted ore supply]]> https://gmk.center/en/news/fortescue-strengthens-cooperation-with-china-for-uninterrupted-ore-supply/ Thu, 22 Jan 2026 12:48:02 +0000 https://gmk.center/?post_type=news&p=119068 Australia’s Fortescue is deepening its ties with China, which is one of the reasons for the uninterrupted supply of iron ore to this country. This was stated by the company’s CEO Dino Otranto, Reuters reports. China Mineral Resources Group (CMRG), which purchases ore on behalf of more than half of Chinese steel mills, has restricted […]

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]]> <![CDATA[An iron ore project with initial investments of $29 billion was presented in Congo]]> https://gmk.center/en/news/an-iron-ore-project-with-initial-investments-of-29-billion-was-presented-in-congo/ Mon, 19 Jan 2026 10:37:29 +0000 https://gmk.center/?post_type=news&p=118861 In January, the government of the Democratic Republic of Congo presented a plan for the Mines de Fer de la Grande Orientale (MIFOR) project, a future mining complex requiring an initial investment of $28.9 billion, according to L’agence Ecofin. The MIFOR project aims to develop an iron ore deposit in the northeast of the country, […]

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]]> <![CDATA[Ukraine reduced iron ore exports by 8% y/y in 2025]]> https://gmk.center/en/news/ukraine-reduced-iron-ore-exports-by-8-y-y-in-2025/ Fri, 16 Jan 2026 13:33:11 +0000 https://gmk.center/?post_type=news&p=118772 In 2025, Ukraine’s mining industry reduced iron ore exports by 8% compared to 2024, to 30.99 million tons. This is evidenced by GMK Center calculations based on data from the State Customs Service. China is traditionally the largest consumer of Ukrainian iron ore. During the period, shipments of raw materials in this direction amounted to […]

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]]> <![CDATA[Global commodity markets are expected to experience a period of low prices and oversupply in 2026]]> https://gmk.center/en/posts/global-commodity-markets-are-expected-to-experience-a-period-of-low-prices-and-oversupply-in-2026/ Thu, 15 Jan 2026 06:00:51 +0000 https://gmk.center/?post_type=posts&p=118552 Global commodity markets will face oversupply and weak demand in 2026. Analysts at major financial institutions predict stagnation or falling prices for key commodities, from oil and gas to steel and iron ore. The main factors exerting pressure are the slowdown in the global economy, geopolitical uncertainty, and the expansion of production capacity amid limited […]

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]]> <![CDATA[Iron ore prices rose to an 18-month high in early January]]> https://gmk.center/en/news/iron-ore-prices-rose-to-an-18-month-high-in-early-january/ Tue, 13 Jan 2026 12:55:09 +0000 https://gmk.center/?post_type=news&p=118589 Iron ore prices have risen significantly since the beginning of 2026, reaching nearly two-year highs. As of January 12, May futures on the Dalian Commodity Exchange (DCE) stood at $117.92/t, up 4.4% from December 31 and the highest in the last 18 months. On the Singapore Exchange, February contracts rose 3.5% over the same period […]

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]]> <![CDATA[Decarbonizing iron ore mining: strategies from global leaders]]> https://gmk.center/en/infographic/decarbonizing-iron-ore-mining-strategies-from-global-leaders/ Thu, 08 Jan 2026 09:30:05 +0000 https://gmk.center/?post_type=infographic&p=117654 Major iron ore producers are actively pursuing decarbonization across their operations (Scope 1 and 2) and value chains (Scope 3). This is evidenced by analysis of 2024 sustainability reports of companies. Iron ore companies focus on diesel displacement in mining (via battery-electric or hydrogen fuel-cell haul trucks), renewable energy integration (solar, wind, hydro, battery storage) […]

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]]> <![CDATA[How mining industry can impact Ukraine’s recovery and economic renewal]]> https://gmk.center/en/opinion/how-mining-industry-can-impact-ukraine-s-recovery-and-economic-renewal/ Thu, 01 Jan 2026 10:25:56 +0000 https://gmk.center/?post_type=opinion&p=118375 This material is based on a speech by Stanislav Zinchenko, CEO of GMK Center, at the Resourcing Tomorrow conference during the round table discussion «The Mining Sector’s Role in Reconstruction and Economic Renewal of Ukraine». Ukraine is ready to support the EU’s green transition in the steel industry if it has access to cheap investments. […]

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]]> <![CDATA[Iron ore exports from India rose by 27% m/m in November]]> https://gmk.center/en/news/iron-ore-exports-from-india-rose-by-27-m-m-in-november/ Mon, 22 Dec 2025 09:18:43 +0000 https://gmk.center/?post_type=news&p=118009 Exports of iron ore and pellets from India rose sharply in November, increasing by 27.2% compared to October, to 2.76 million tons. In the structure of supplies, 2.51 million tons fell on iron ore (+28.1% month-on-month), and another 250,000 tons on pellets (+19.1% month-on-month). This was reported by SteelOrbis. In annual terms, exports grew by […]

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]]> <![CDATA[GMK Center’s 2026 Forecast: Iron Ore]]> https://gmk.center/en/posts/gmk-center-s-2026-forecast-iron-ore/ Mon, 22 Dec 2025 06:00:21 +0000 https://gmk.center/?post_type=posts&p=117785 At the end of last year, GMK Center forecasted a 15% drop in Ukraine’s iron ore exports in 2025. Based on the results of 10 months, we see a decrease of 4.4% year-on-year (y/y), but by the end of the year, the dynamics may deteriorate sharply, taking into account problems with limited electricity supplies and […]

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]]> <![CDATA[Iron ore prices may fall to $94 per tonne in 2026 – consensus forecast]]> https://gmk.center/en/news/iron-ore-prices-may-fall-to-94-per-tonne-in-2026-consensus-forecast/ Sun, 21 Dec 2025 10:35:12 +0000 https://gmk.center/?post_type=news&p=117928 The consensus forecast of leading global analysts, systematized by GMK Center, indicates a decline in the average annual price of iron ore in China to $94/t in 2026. This is 7% below the expected level for 2025 – $101/t. This is stated in the article «Forecasts for 2026: Iron Ore,» which will be published on […]

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]]> <![CDATA[Iron ore exports from Ukraine may decline by 5% in 2026 – GMK Center forecast]]> https://gmk.center/en/news/iron-ore-exports-from-ukraine-may-decline-by-5-in-2026-gmk-center-forecast/ Fri, 19 Dec 2025 08:05:11 +0000 https://gmk.center/?post_type=news&p=117929 GMK Center forecasts a 5% decline in iron ore exports from Ukraine in 2026, or by 1.5 million tons, to 29 million tons. This forecast is based on a 7% decline in iron ore prices in China. The forecast is based on market factors without taking into account military risks, which could significantly change the […]

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]]> <![CDATA[Ukraine reduced iron ore exports by 4.9% y/y in January-November]]> https://gmk.center/en/news/ukraine-reduced-iron-ore-exports-by-4-9-y-y-in-january-november/ Sat, 13 Dec 2025 07:30:05 +0000 https://gmk.center/?post_type=news&p=117567 In January-November 2025, Ukraine’s mining industry reduced iron ore exports by 4.9% compared to the same period in 2024, to 28.77 million tons. This is evidenced by GMK Center calculations based on data from the State Customs Service. China is traditionally the largest consumer of Ukrainian iron ore. During this period, shipments of raw materials […]

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]]> <![CDATA[Ukraine remains among the top five suppliers of agricultural products to Turkey]]> https://gmk.center/en/news/ukraine-remains-among-the-top-five-suppliers-of-agricultural-products-to-turkey/ Fri, 12 Dec 2025 09:16:29 +0000 https://gmk.center/?post_type=news&p=117525 In January-October 2025, Ukraine retained its position among the top five suppliers of iron ore to Turkey, despite a significant reduction in shipments. Over 10 months, Turkish companies imported 487,900 tons of Ukrainian iron ore, which is more than twice less than in the same period of 2024, when volumes exceeded 1.09 million tons. This […]

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]]> <![CDATA[Global iron ore exports fell by 6% m/m in November]]> https://gmk.center/en/news/global-iron-ore-exports-fell-by-6-m-m-in-november/ Tue, 09 Dec 2025 09:14:56 +0000 https://gmk.center/?post_type=news&p=117292 In November 2025, global iron ore exports from key supplier countries showed negative dynamics amid a general slowdown in the global economy and weak demand from the steel industry. Total shipments from Australia, Brazil, South Africa, and India amounted to 117 million tons, down 6% from October (124.45 million tons). This was reported by BigMint. […]

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]]> <![CDATA[Fitch has raised its forecast for iron ore prices for 2025-2026]]> https://gmk.center/en/news/fitch-has-raised-its-forecast-for-iron-ore-prices-for-2025-2026/ Mon, 08 Dec 2025 11:12:11 +0000 https://gmk.center/?post_type=news&p=117233 Fitch Ratings has revised its iron ore price assumptions for 2025-2026 upward, reflecting continued healthy global demand and higher starting prices. According to the updated estimates, the average price of iron ore with an iron content of 62% (CFR China) in 2025 will be $100/t against the previous forecast of $95/t, and in 2026 – […]

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]]> <![CDATA[Vale forecasts iron ore price at $100/ton in 2026]]> https://gmk.center/en/news/vale-forecasts-iron-ore-price-at-100-ton-in-2026/ Thu, 04 Dec 2025 11:49:17 +0000 https://gmk.center/?post_type=news&p=117118 Iron ore prices in 2026 will stabilize at around $100/t. This forecast was announced by Brazilian mining company Vale, according to Kallanish. In particular, an increase in supply from large mining companies, the development of the giant Simandou deposit in Guinea, and a gradual decline in demand from China are expected. Vale CEO Gustavo Pimenta […]

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]]> <![CDATA[Iron ore prices hit four-month lows in November]]> https://gmk.center/en/news/iron-ore-prices-hit-four-month-lows-in-november/ Sun, 30 Nov 2025 07:46:45 +0000 https://gmk.center/?post_type=news&p=116834 In November 2025, the iron ore market experienced significant fluctuations, but by the end of the month, prices had returned to October levels, slightly exceeding them. On the Dalian Commodity Exchange, January iron ore contracts stood at $112.92/t as of November 27, up 0.5% from October 31, although they fell to $106.8/t during the month. […]

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]]> <![CDATA[Ferrexpo cut direct CO2 emissions by 9% last year]]> https://gmk.center/en/news/ferrexpo-cut-direct-co2-emissions-by-9-last-year/ Thu, 27 Nov 2025 05:00:04 +0000 https://gmk.center/?post_type=news&p=116149 In 2024 Ferrexpo, the London-listed iron ore producer with operations in Ukraine, achieved a 9% reduction in Scope 1 emissions on a unit base, but its overall carbon intensity rose as higher reliance on imported carbon-intensive electricity caused a spike in Scope 2 emissions. This is highlighted in the company’s Responsible Business Report 2024. Last […]

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]]> <![CDATA[Global iron ore supply in 2026 will amount to 2.68 billion tons – Mysteel]]> https://gmk.center/en/news/global-iron-ore-supply-in-2026-will-amount-to-2-68-billion-tons-mysteel/ Wed, 26 Nov 2025 14:53:08 +0000 https://gmk.center/?post_type=news&p=116690 Global iron ore supply could reach a record 2.68 billion tons in 2026, according to the latest forecast by Mysteel Global. As noted, Africa will be the key driver of growth thanks to the phased launch of the Simandou project. In addition, iron ore mines in Australia and Brazil are continuing to expand their capacity. […]

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