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iron ore - Latest news GMK Center

Photo – Iron ore prices ended 2022 with growth of 43% y/y – $124.1/t
Iron ore prices ended 2022 with growth of 43% y/y – $124.1/t

Iron ore futures on the Dalyan Commodity Exchange for the week of December 23-30, 2022, increased by 5.1% compared to the previous week

Photo – KZHRK paid UAH 1.37 billion in taxes in January-November 2022
KZHRK paid UAH 1.37 billion in taxes in January-November 2022

The average salary of workers at the plant in August 2022 was UAH 22,000

Photo – China reduced iron ore production by 0.5% in January-November 2022
China reduced iron ore production by 0.5% in January-November 2022

Production increased by 9.4% compared to October

Photo – The cargo turnover of Ukrainian seaports will decrease by three times in 2022 – USPA
The cargo turnover of Ukrainian seaports will decrease by three times in 2022 – USPA

Due to Russia's military invasion of Ukraine, the expected cargo turnover of seaports at the end of the year will be 50.8 million tons

Photo – ESB seized 166,000 tons of iron ore of a Russian oligarch worth UAH 1.8 billion
ESB seized 166,000 tons of iron ore of a Russian oligarch worth UAH 1.8 billion

The raw material, which belongs to a citizen of the Russian Federation, was located in several seaports of Ukraine

Photo – Vale reduced iron ore exports by 17.6% y/y in January-November 2022
Vale reduced iron ore exports by 17.6% y/y in January-November 2022

The company's sales of iron ore on the domestic market increased by 40.4% y/y

Photo – Iron ore prices fell to $118/t due to weakening optimism in China
Iron ore prices fell to $118/t due to weakening optimism in China

Iron ore futures on the Dalian Commodity Exchange for the week of December 16-23, 2022, fell by 2.05% compared to the previous week

Photo – Turkiye imported 77,000 tons of iron ore from Ukraine in October 2022
Turkiye imported 77,000 tons of iron ore from Ukraine in October 2022

In January-October 2022, the import of Ukrainian iron ore by Turkiye decreased by 39.1%

Photo – China’s new state agency will become a powerful buyer of iron ore
China’s new state agency will become a powerful buyer of iron ore

CMRG consolidates raw material purchases of about 20 of the largest Chinese steel producers

Photo – Anglo American lowered forecasts for iron ore and coking coal production in 2022-2024
Anglo American lowered forecasts for iron ore and coking coal production in 2022-2024

In 2022, the company expects to extract 15 million tons of coking coal

Photo – UZ reduced iron ore export shipments by 20.6% m/m in November 2022
UZ reduced iron ore export shipments by 20.6% m/m in November 2022

In 12 days, the queue of railcars in the direction of the western border crossings decreased by 10%

Photo – The supply of iron ore on the global market may decrease at the beginning of 2023
The supply of iron ore on the global market may decrease at the beginning of 2023

Prices continue to be driven by positive market sentiment and demand expectations in China

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