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iron ore - Latest news GMK Center

Photo – ArcelorMittal for the first quarter increased its net profit by 4.2 times q/q
ArcelorMittal for the first quarter increased its net profit by 4.2 times q/q

In January-March 2023, the company's revenue increased by 9.5%

Photo – India will increase iron ore production by approximately 10% y/y in the 2023/2024 financial year – forecast
India will increase iron ore production by approximately 10% y/y in the 2023/2024 financial year – forecast

In the 2022/2023 fiscal year, the volume of iron ore production in the country amounted to 255 million tons

Photo – Iron ore quotations are approaching the $100/t mark
Iron ore quotations are approaching the $100/t mark

Iron ore futures on the Dalian Commodity Exchange for the week of April 21-28, 2023, decreased by 2.3% compared to the previous week

Photo – Dmytro Spatar: Ferrexpo was helped by long-term contracts and traditionally diversified logistics
Dmytro Spatar: Ferrexpo was helped by long-term contracts and traditionally diversified logistics

How the company adapted to logistical restrictions in the situation of blocking sea ports

Photo – Iron ore prices fall to a four-month low of $107/t
Iron ore prices fall to a four-month low of $107/t

Iron ore futures on the Dalian Exchange for the week of April 14-21, 2023, decreased by 5.3% compared to the previous week

Photo – China cut iron ore output by 5% y/y in March
China cut iron ore output by 5% y/y in March

In the first quarter, production remained at the level of the same period last year

Photo – Tosyali Algeria invests $120-150 million in the construction of mining in Algeria
Tosyali Algeria invests $120-150 million in the construction of mining in Algeria

The annual capacity of the enterprise will be 500,000 tons of iron ore concentrate

Photo – Vale increased iron ore production by 5.8% y/y in the first quarter
Vale increased iron ore production by 5.8% y/y in the first quarter

The production of iron ore pellets increased by 20.1% y/y in January-March

Photo – Sukha Balka resumed tunneling work on the 1,500 m horizon of the Yuvileina mine
Sukha Balka resumed tunneling work on the 1,500 m horizon of the Yuvileina mine

Work on the horizon was halted by the Russian invasion and a shortage of skilled workers

Photo – Szczecin-Świnoujście port reduced iron ore transshipment by 45% y/y in the first quarter
Szczecin-Świnoujście port reduced iron ore transshipment by 45% y/y in the first quarter

In March, the port complex has reduced the processing of iron ore by 51.5%

Photo – ARMA prepares to sell iron ore seized in Ukraine
ARMA prepares to sell iron ore seized in Ukraine

The Agency takes measures to transfer property for sale

Photo – China increased iron ore imports by 9.8% y/y in Q1
China increased iron ore imports by 9.8% y/y in Q1

In January-March, Chinese steelmakers imported 294.33 million tons of iron ore

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