iron ore - Latest news GMK Center

Production of sinter ore during January-September 2023 decreased by 28.5% y/y

In January-August, European steelmakers reduced the import of Ukrainian iron ore by 10.4% y/y

For 9 months, the volume of raw material imports increased by 6.7% y/y

The company expects to produce pellets and hot briquetted iron (HBI) in the Port Hedland region

However, the company warns that production of raw materials with a low iron content will increase

In January-September, mining companies of Ukraine reduced their shipments of ferrous metals to foreign consumers by 40.8% y/y

In general, the railway operator increased freight transportation by 3% y/y for the month

The reserves of the new mining unit amount to 73,000 tons of iron ore

The planned monthly output of raw materials will reach 20,000 tons

The production of sinter ore for January-August 2023 decreased by 28.2% y/y

In July, Turkish steelmakers consumed 3.2 thousand tons of Ukrainian-made iron ore

The largest volumes of raw materials were extracted by the NMDC company – 31 million tons