iron ore

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China increased iron ore imports to a record 1.24 billion tons in 2024

Imports increased by 4.9% compared to 2023

Ukraine exported 33.7 million tons of iron ore in 2024

Shipments increased by 89.8% y/y, mainly due to the opening of the sea export corridor

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Global sea iron ore imports grew by 3.6% y/y in 2024

Currently, uncertainty in the market is caused by the expectation of the Trump administration

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

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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

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