iron ore - Latest news GMK Center

The main exporter of raw materials is Australia – 646 million tons

Raw material supplies to customers decreased by 19.1% y/y

Sales volumes reached 47.7 million tons

The demand for this raw material in the country will grow due to the increase in steel production

Since the beginning of the year, the company has launched 9 units, the total reserves of which reach 1 million tons of ore

Rio Tinto and Vale noted rising production figures despite uncertainty in the Chinese market

The fall in global demand and prices for raw materials had a negative impact on shipment volumes

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

The main consumers of raw materials are China, Slovakia and Poland – 10.3 million tons, 3.45 million tons and 3.49 million tons, respectively

This was facilitated by the revision of quarry logistics, reduction of the distance of transportation of mining mass, optimization of equipment operation, etc.

The total import of iron ore to the country for 6 months amounted to 5.42 million tons

The steel producer will cooperate with the state oil company Sonangol