iron ore - Latest news GMK Center

Over the past month, export shipments of ferrous metals decreased by 6.9% – to 352 thousand tons

According to NBU estimates, average billet prices will decrease by 6.2% y/y – to $579.6/t, for iron ore – by 6.7% y/y, to $113.3/t

Iron ore exports may weaken in Q3 due to rainy season in China and low demand for steel

In July, the average daily transfer of iron ore cargoes through the border crossing with Poland increased by 3 times

The company is also expanding its raw material base in India

Production increased by 9% q/q in Q2

In June, iron ore production increased by 1.8% y/y and 9.7% m/m

In the 2023/2024 financial year, the company expects to extract 254-264.5 million tons of iron ore

In the second quarter, shipments decreased by 4% q/q and 1% y/y

In May, deliveries of Ukrainian iron ore to EU countries fell by 21.2% m/m and 34.1% y/y

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