iron ore - Latest news GMK Center

In 2022, the company's pellets production amounted to 32 million tons

Production increased even before the abolition of export duties on steel and raw materials in November 2022

Over the past year, the company invested more than UAH 20 million in new mining equipment, in particular, mine cars and loading machines

Iron ore futures on the Dalian Commodity Exchange for the week of February 17-24, 2023, increased by 1.5% compared to the previous week

The new block 28-30+10 at the horizon of 1420 m has reserves of raw materials at the level of 126 thousand tons

Amid a supply shortage, the cost of iron ore may reach $150/ton

Raw materials markets are waiting for the return of Chinese buyers

The company has already resumed the work of the Northern and Ingulets Minings, which had been idle since July 2022

Production of iron ore concentrate was 10.81 million tons, and coal production – 4.96 million tons

Turkish steelmakers reduced their purchases of Ukrainian steel by 50.6% y/y

During the month, mining companies of Ukraine shipped 927,400 tons of iron ore to foreign consumers

Bureaucracy and disruptions in the delivery of equipment hinder the increase in the capacity of the mining complex in Mexico