iron ore

Ukrainian steelmakers increased the production of rolled products by 30% m/m in February 2023

During the month, steel production increased by 49.3% m/m, while pig iron production decreased by 8.1% m/m

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Ukrzaliznytsia transported 1.32 million tons of iron ore for export in February 2023

The share of iron and manganese ores in the structure of UZ export shipments amounted to 26% at the end of the month

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KZHRK increased the production of sinter ore by 48.1% m/m in February 2023

The production of sinter ore for January-February 2023 decreased by 50.3% y/y

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Market optimism pushed iron ore prices to an 8-month high

Iron ore futures on the Dalian Commodity Exchange for the week of February 24 – March 3, 2023, increased by 1.8% compared to the previous week

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China’s increased use of scrap is offsetting demand for iron ore — MPI

According to the forecast, in 2023, iron ore consumption by Chinese steelmakers will fall by 2.3% y/y

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Vale plans to significantly increase the volume of pellets production

In 2022, the company's pellets production amounted to 32 million tons

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Iron ore production in India will be about 250 million tons in the 2022/2023 financial year

Production increased even before the abolition of export duties on steel and raw materials in November 2022

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Sukha Balka put into operation 10 new units with a capacity of 800 thousand tons of iron ore in 2022

Over the past year, the company invested more than UAH 20 million in new mining equipment, in particular, mine cars and loading machines

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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

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