iron ore

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Iron ore prices are rising amid increased steel production in China

Iron ore futures on the Dalian Commodity Exchange for the week of February 17-24, 2023, increased by 1.5% compared to the previous week

Sukha Balka set up new production facilities at the Yuvileyna mine in February

The new block 28-30+10 at the horizon of 1420 m has reserves of raw materials at the level of 126 thousand tons

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Goldman Sachs predicts an increase in iron ore prices in the second quarter of 2023

Amid a supply shortage, the cost of iron ore may reach $150/ton

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China’s iron ore consumption to decline in the medium term — BHP

Raw materials markets are waiting for the return of Chinese buyers

Metinvest plans to increase the capacity of mining plants to at least 30%

The company has already resumed the work of the Northern and Ingulets Minings, which had been idle since July 2022

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Metinvest produced 2.92 million tons of steel in 2022

Production of iron ore concentrate was 10.81 million tons, and coal production – 4.96 million tons

Bloomberg
Turkiye imported 585.2 thousand tons of iron ore from Ukraine in 2022

Turkish steelmakers reduced their purchases of Ukrainian steel by 50.6% y/y

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Ukrainian mining companies increased iron ore exports by 21.2% y/y in January 2023

During the month, mining companies of Ukraine shipped 927,400 tons of iron ore to foreign consumers

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ArcelorMittal postponed the investment of $150 million in the Mexican Las Truchas

Bureaucracy and disruptions in the delivery of equipment hinder the increase in the capacity of the mining complex in Mexico

Ukrzaliznytsia reduced the volume of steel products transportation by 57.8% in 2022

Last year, due to the blockade of ports, the railway became the main mode of transport for export cargo

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Iron ore prices increase amid rising incomes of Chinese steelmakers

Iron ore futures on the Dalian Exchange for the week of February 3-10, 2023, increased by 1.1% compared to the previous week

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ArcelorMittal reduced its net profit by 37.8% y/y in 2022

The company's revenue for the year increased by 4.3% y/y

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