iron ore - Latest news GMK Center

Iron ore futures on the Dalian Commodity Exchange for the week of March 17-24, 2023, fell by 6.4% compared to the previous week

For about 5 months, miners were preparing for the launch of a new production capacity with difficult geological and mining conditions

In the 2021/2022 financial year, China imported 21 million tons of Indian iron ore and iron ore concentrate

During the month, mining companies of Ukraine shipped 1.21 million tons of ferrous metals to foreign consumers

The increase in infrastructure investment and the improvement in the real estate situation are already having an impact on iron ore imports

Iron ore futures on the Dalian Commodity Exchange for the week of March 3-10, 2023, increased by 0.9% compared to the previous week

The restriction on the transportation of iron ore cargoes to the Czech steel mills Trinecke zelezarny and Liberty Ostrava has been in effect since January 29, 2023

During the month, steel production increased by 49.3% m/m, while pig iron production decreased by 8.1% m/m

The share of iron and manganese ores in the structure of UZ export shipments amounted to 26% at the end of the month

The production of sinter ore for January-February 2023 decreased by 50.3% y/y

Iron ore futures on the Dalian Commodity Exchange for the week of February 24 – March 3, 2023, increased by 1.8% compared to the previous week

According to the forecast, in 2023, iron ore consumption by Chinese steelmakers will fall by 2.3% y/y