iron ore

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Iron ore exports from India in the 2022/2023 financial year will fall to a 5-year low

In the 2021/2022 financial year, China imported 21 million tons of Indian iron ore and iron ore concentrate

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Ukrainian mining companies increased iron ore exports by 31% m/m

During the month, mining companies of Ukraine shipped 1.21 million tons of ferrous metals to foreign consumers

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The uneven recovery of the Chinese economy will be reflected in the iron ore import

The increase in infrastructure investment and the improvement in the real estate situation are already having an impact on iron ore imports

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Iron ore prices held at $133/t for the second week in a row

Iron ore futures on the Dalian Commodity Exchange for the week of March 3-10, 2023, increased by 0.9% compared to the previous week

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Ukrzaliznytsia has canceled the convention for the iron ore transportation to the Czech Republic

The restriction on the transportation of iron ore cargoes to the Czech steel mills Trinecke zelezarny and Liberty Ostrava has been in effect since January 29, 2023

Ukrainian steelmakers increased the production of rolled products by 30% m/m in February 2023

During the month, steel production increased by 49.3% m/m, while pig iron production decreased by 8.1% m/m

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Ukrzaliznytsia transported 1.32 million tons of iron ore for export in February 2023

The share of iron and manganese ores in the structure of UZ export shipments amounted to 26% at the end of the month

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KZHRK increased the production of sinter ore by 48.1% m/m in February 2023

The production of sinter ore for January-February 2023 decreased by 50.3% y/y

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Market optimism pushed iron ore prices to an 8-month high

Iron ore futures on the Dalian Commodity Exchange for the week of February 24 – March 3, 2023, increased by 1.8% compared to the previous week

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China’s increased use of scrap is offsetting demand for iron ore — MPI

According to the forecast, in 2023, iron ore consumption by Chinese steelmakers will fall by 2.3% y/y

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Vale plans to significantly increase the volume of pellets production

In 2022, the company's pellets production amounted to 32 million tons

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Iron ore production in India will be about 250 million tons in the 2022/2023 financial year

Production increased even before the abolition of export duties on steel and raw materials in November 2022

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