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iron ore - Latest news GMK Center

Photo – Ukrainian Minings to increase iron content in commercial raw materials
Ukrainian Minings to increase iron content in commercial raw materials

Thus, enterprises will remain competitive in the context of the green transition

Photo – Increased iron ore exports will provide significant support to Ukraine’s economy – scientists
Increased iron ore exports will provide significant support to Ukraine’s economy – scientists

Ukraine has some of the world's largest iron ore deposits, and mining companies are currently developing 25 of the 60 explored deposits

Photo – Global DRI production fell by 11% m/m in February
Global DRI production fell by 11% m/m in February

The largest producer of DRI is India – 4.2 million tons

Photo – Ukrainian Railways notes an increase in the transfer of iron ore cars to Poland
Ukrainian Railways notes an increase in the transfer of iron ore cars to Poland

In March, iron ore transfer through the Izov-Grubeshuv crossing increased by 43.5%

Photo – Ukraine exported 2.55 million tons of iron ore in February
Ukraine exported 2.55 million tons of iron ore in February

Shipments decreased by 18.2% compared to January and increased by 2.1 times compared to February 2023

Photo – Turkiye’s Erdemir discovers 250 million tons of ore reserves in Bingöl province
Turkiye’s Erdemir discovers 250 million tons of ore reserves in Bingöl province

Proven reserves will satisfy the company's raw material needs for 30-35 years

Photo – Ukraine exported 1.36 million tons of iron ore to the EU in January
Ukraine exported 1.36 million tons of iron ore to the EU in January

Ukrainian suppliers accounted for 21.3% of total EU iron ore imports

Photo – Trading of iron ore contracts on the Singapore Exchange amounted to 4 billion tons in 2023
Trading of iron ore contracts on the Singapore Exchange amounted to 4 billion tons in 2023

Raw materials are already playing the role of an economic indicator

Photo – Sukha Balka plans to increase iron ore production by 20% in 2024
Sukha Balka plans to increase iron ore production by 20% in 2024

In 2023, the mine produced 941,000 tons of iron ore

Photo – Ukrainian Railways transported 3.3 million tons of iron ore for export in February
Ukrainian Railways transported 3.3 million tons of iron ore for export in February

Transportation of ferrous metals for the month amounted to 386,000 tons

Photo – Construction activity in China to support iron ore demand
Construction activity in China to support iron ore demand

Most Chinese steel mills have adequate raw material inventory levels

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