iron ore

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Vale reduced net sales by 18.1% y/y in the third quarter of 2022

Weak operating results mainly reflect falling iron ore prices

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Iron ore prices fell to $86/t due to a weak finished steel market

Iron ore futures on the Dalian Commodity Exchange for the week of October 21-28, 2022, fell by 8% compared to a week earlier

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Turkiye reduced iron ore imports from Ukraine by 60% y/y in August 2022

In January-August 2022, the import of Ukrainian iron ore by Turkiye decreased by 47.7%

China reduced iron ore imports by 2.3% y/y in January-September 2022

In September, the import of iron ore increased by 4.3% year-on-year and increased by 3.6% compared to the previous month

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An increase in supply in the fourth quarter of 2022 will put pressure on iron ore market

A slowdown in demand for iron ore was observed in the third quarter of 2022

UDP sent the first caravan with iron and steel cargoes to the Middle Danube

5 barges with sinter ore and pellets were sent from Izmail to the Serbian port of Smederevo

The Polish port of Szczecin-Świnoujście increased iron ore transshipment by 30% in 9 months

In September 2022, iron ore processing in the port decreased by 77.3% y/y

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Rio Tinto increased iron ore shipments by 4% in the third quarter of 2022

The company confirmed the iron ore shipment forecast for 2022 at the level of 320-335 million tons

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Brazil to launch a new iron ore mining project

The plan is to extract 540,000 tons of iron ore per year from mines near the city of Porto Grande

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KZHRK in January-September 2022 produced 2.5 million tons of sinter ore

Production of sinter ore for 9 months of 2022 decreased by 25% y/y

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Vale reduced iron ore exports by 17.3% y/y in January-August 2022

The company's sales of iron ore on the domestic market increased by 19.6% y/y

Ukraine reduced iron ore exports by 6% m/m in September 2022

In September 2022, Ukrainian iron and steel companies shipped 1.36 million tons of iron ore abroad

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