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iron ore - Latest news GMK Center

Photo – Ukrainian Railways has transported 1 million tons of iron ore since the beginning of June
Ukrainian Railways has transported 1 million tons of iron ore since the beginning of June

Transportation volumes increased by 12.8% compared to the same period in 2022 and by 2% – up to the first half of May

Photo – Brazil’s Gerdau is investing $667 million in new facilities in the state of Minas Gerais
Brazil’s Gerdau is investing $667 million in new facilities in the state of Minas Gerais

The project will increase iron ore production at the Miguel Bournier mine in Gerdau to 5.5 million metric tons per year

Photo – Vale reduced iron ore exports by 14.3% y/y in January-April
Vale reduced iron ore exports by 14.3% y/y in January-April

The export of iron ore pellets increased by 93.7% y/y in 4 months

Photo – Brazil increased iron ore exports by 40.8% m/m in May
Brazil increased iron ore exports by 40.8% m/m in May

In January-May, Brazilian mining companies increased the export of iron ore by 10.7% y/y

Photo – China’s steelmakers seek to increase the use of domestic resources of iron ore
China’s steelmakers seek to increase the use of domestic resources of iron ore

A strategic plan for the use of local raw materials was launched in 2022

Photo – KZHRK reduced sinter ore production by 16.7% m/m in May
KZHRK reduced sinter ore production by 16.7% m/m in May

The production of sinter ore in January-May 2023 decreased by 30.9% y/y

Photo – Ukrainian iron and steel industry reduced iron ore exports by 8.7% m/m in May
Ukrainian iron and steel industry reduced iron ore exports by 8.7% m/m in May

In one month, mining companies of Ukraine shipped 1.52 million tons of ferrous metals to foreign consumers

Photo – Ukrainian Railways increased export shipments of ferrous metals by 15% m/m in May
Ukrainian Railways increased export shipments of ferrous metals by 15% m/m in May

Railway transportation of iron ore for export decreased by 17% m/m

Photo – China increased iron ore imports by 7.7% y/y in January-May
China increased iron ore imports by 7.7% y/y in January-May

In May, Chinese steelmakers increased the import of iron ore by 6.3% y/y

Photo – Odesa Prosecutor’s Office handed over 2.5 ths t of Metaloinvest’s seized iron ore to ARMA
Odesa Prosecutor’s Office handed over 2.5 ths t of Metaloinvest’s seized iron ore to ARMA

At the beginning of the year, the department seized the Russian company's raw materials, which were located at one of the railway stations in the region

Photo – Ukrainian Railways transported 1.96 million tons of iron ore in May
Ukrainian Railways transported 1.96 million tons of iron ore in May

Transportation of ferrous metals amounted to 816.3 thousand tons

Photo – Ukrainian Railways shipped more than 850 thousand tons of iron ore to Slovakia in May
Ukrainian Railways shipped more than 850 thousand tons of iron ore to Slovakia in May

The recipients of the products are the steel companies of the country – Liberty Ostrava, Třinecké železárne, U.S. Steel Kosice

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