iron ore - Latest news GMK Center

The production of sinter ore in June decreased by 33.3% y/y, but remained at the level of May

Weaker demand from China's steel producers is expected in this period

In June, Chinese steelmakers increased the import of iron ore by 7.3% y/y

There is a high level of utilization of blast furnace capacities in the country

In the first half of the year, mining companies of Ukraine shipped 8.32 million tons of ferrous metals to foreign consumers

Currently, the company's annual purchase of this raw material is 80 million tons

The share of iron ore in the total volume of transportation in the month reached 16.1%

The increase in inventories will be caused by a slowdown in the steel sector

During this period, the company shipped 200 ships with pellets to metallurgists in America, Africa, Europe and the Middle East

In April, deliveries of Ukrainian iron ore to EU countries fell by 16.4% m/m and by 10.4% y/y

For 5 months, port workers reduced the transshipment of iron and steel cargoes by 1.8% y/y

In January-May, iron ore production increased by 6.5% y/y