iron ore

Vale cut profit by 20% in the first quarter

The company's revenue in January-March decreased by 13.6%

Ukrzaliznytsia reduced the ore transportation for export by 16% in June

In general, during the month Ukrzaliznytsia reduced the transportation of goods through the western border crossings and Danube ports by 10%

Rio Tinto increased iron ore shipments by 12% in Q2 2022

Ore mining in April-June increased by 10%, reaching 78.6 million tons

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In January-June, Ukrzaliznytsia shipped almost 16 million tons of iron ore

Transportation of ferrous metals for export in the first half of the year reached 3.7 million tons

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Ukrzaliznytsia introduces two more conventions: for iron ore and pig iron rail shipments

From July 12, rail transportation of pig iron to Poland through the Mostyska 2 crossing is limited, and from July 16 – transportation of iron ore to Slovakia

Ukraine reduced iron ore exports by 24% in the first half of 2022

Iron ore exports in monetary terms fell by 44.8% over 6 months

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Australia expects ore prices to drop to $115/t in 2022

In 2023 and 2024, the cost of ore will fall even lower - to $85/t and $70/t

ArcelorMittal imposed part-time schedules for most employees since July

The company is forced to revise the employees schedules, as it can no longer pay full wages

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Britain announced a ban on the import of ore and steel from Belarus

New package of sanctions includes a $73 million import and export ban on goods

Iron ore market in EU is waiting for redistribution

Diversification of supplies is required due to expected export cut from Ukraine

European steelmakers will lose supply of iron ore from Ukraine
European steelmakers will lose supply of iron ore from Ukraine

Due to the war and unfavorable market conditions, supplies began to decline

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