iron ore

Prospects for iron and steel sector of Ukraine in 2025

Crude steel output in 2024 exceeded expectations, but the next year output could fall by 9%, exports by 16%

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Iron ore prices fell by 4-4.5% in December

At the beginning of December, quotes were held at a high level, but lost market support

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Nippon Steel and Sojitz to acquire 49% in Champion Iron project

Japanese companies will also share the costs of development and construction

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India reduced iron ore exports by 55% y/y in November

The sharp decline was driven mainly by lower demand from China and an increase in domestic steel production

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BHP and Rio Tinto to build a pilot green pig iron plant in Australia

The start of commercial operation is expected in 2028

krruda.dp.ua
KZRK declares crisis due to VAT debts and power outages

The plant did not receive UAH 330 million in VAT and faced a power outage

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Ukrainian seaports handled 16.7 million tons of iron ore in 11 months

Total cargo turnover exceeded 90 million tons

metinvest.media
Northern Mining notes clear dynamics of increasing utilization

In the summer, the company resumed operations at the Gannivsky open pit, which is already approaching its 100% capacity

metinvest.media
Ukraine exported 2.46 million tons of iron ore in November

Shipments decreased by 3.1% compared to October

theminingexecutive.com
Rio Tinto expects ore production to grow by 15 million tons in 2023-2025

In addition to increasing its production performance, the company is actively promoting its decarbonization strategy

vale.com
Vale increases iron ore production prospects

The company is changing its strategic approach to operations

Port transshipment of iron ore for 10 months amounted to about 15.2 mln tons

In the same period, the handling of steel products at ports amounted to 2.9 mln tons

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