iron ore - Latest news GMK Center

The general outlook for the market remains disappointing amid a seasonal slowdown in construction in China over the summer

Compared to the same period in 2022, the volume of pellet transshipment increased by 83%

The new production capacity will be developed during the summer months

In March, deliveries of Ukrainian iron ore to EU countries increased by 42.4% m/m, but decreased by 3.1% y/y

Plans are based on expectations of growth in demand for raw materials and the course for decarbonization

Analysts believe that the current rise in commodity prices is just a technical rebound after a long decline

In the first January-April, the production of iron ore decreased by 8% y/y

The largest volume of products was exported in February – 200.7 thousand tons

In one month, mining companies of Ukraine shipped 1.67 million tons of iron ore to foreign consumers

Iron ore transshipment in the port of Riga decreased by 56.5% y/y in 4 months

The production of sinter ore for January-April 2023 decreased by 31.4% y/y

In January-April, Chinese steelmakers increased imports of iron ore by 8.6% y/y