iron ore - Latest news GMK Center

This move comes amid an ongoing contract dispute with the mining company

The majority of the raw materials was shipped to China, Slovakia, and Poland

The investments must be completed by 2028

The company forecasts that steel production in the country will grow faster than iron ore production

The market was supported by weather and geopolitical factors, although high inventories at Chinese ports held back further growth

The suspension of operations from mid-April through November will reduce pellet shipments in 2026 by approximately 2 million tons

The market was buoyed by China’s stimulus measures, higher freight rates, and supply risks, but high inventories are holding back further growth

Over the past six months, Beijing has gradually tightened restrictions on the company's cargo shipments amid a contract dispute

The bulk of raw materials was sent to China, Slovakia, and Poland

Government officials concerned about potential impact of price on federal budget

Currently, Qingdao (KORE 62% Fe) quotes are at their lowest level since August 2025

The forum will address a wide range of issues related to dynamics and challenges in the steel and raw materials markets