iron ore - Latest news GMK Center

Total imports of iron ore to the country for 11 months amounted to 9.08 million tons

Imports increased by 4.9% compared to 2023

Shipments increased by 89.8% y/y, mainly due to the opening of the sea export corridor

Currently, uncertainty in the market is caused by the expectation of the Trump administration

Crude steel output in 2024 exceeded expectations, but the next year output could fall by 9%, exports by 16%

At the beginning of December, quotes were held at a high level, but lost market support

Japanese companies will also share the costs of development and construction

The sharp decline was driven mainly by lower demand from China and an increase in domestic steel production

The start of commercial operation is expected in 2028

The plant did not receive UAH 330 million in VAT and faced a power outage

Total cargo turnover exceeded 90 million tons

In the summer, the company resumed operations at the Gannivsky open pit, which is already approaching its 100% capacity