iron ore

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China increased iron ore production by 5.7% y/y in the first half of 2023

In June, iron ore production increased by 1.8% y/y and 9.7% m/m

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BHP mined 257 million tons of iron ore in the 2022/2023 financial year

In the 2023/2024 financial year, the company expects to extract 254-264.5 million tons of iron ore

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Rio Tinto increased iron ore supply by 7% y/y in the first half of 2023

In the second quarter, shipments decreased by 4% q/q and 1% y/y

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EU reduced iron ore import from Ukraine by 15% y/y in January-May

In May, deliveries of Ukrainian iron ore to EU countries fell by 21.2% m/m and 34.1% y/y

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KZHRK reduced sinter ore production by 31.3% m/m in January-June

The production of sinter ore in June decreased by 33.3% y/y, but remained at the level of May

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Asian iron ore market may show a decline in the 3rd quarter – forecast

Weaker demand from China's steel producers is expected in this period

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China increased iron ore imports by 7.7% y/y in January-June

In June, Chinese steelmakers increased the import of iron ore by 7.3% y/y

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China’s steel processing plants will maintain high productivity until the end of July – forecast

There is a high level of utilization of blast furnace capacities in the country

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Ukrainian iron and steel industry exported 1.48 million tons of iron ore in June

In the first half of the year, mining companies of Ukraine shipped 8.32 million tons of ferrous metals to foreign consumers

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Baosteel to increase iron ore purchases to 100 million tons per year

Currently, the company's annual purchase of this raw material is 80 million tons

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Ukrainian Railways increased iron ore transportation to 2 million tons in June

The share of iron ore in the total volume of transportation in the month reached 16.1%

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