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iron ore - Latest news GMK Center

Photo – Iron ore prices increased to $91/t on expectations of quarantine easing in China
Iron ore prices increased to $91/t on expectations of quarantine easing in China

Iron ore futures on the Dalian Stock Exchange for the week of October 28 – November 4, 2022, increased by 6.1% compared to the previous week

Photo – The Southern Mining resumes production after 4 months of downtime
The Southern Mining resumes production after 4 months of downtime

The operational business plan for November will be 173,000 tons of iron ore concentrate

Photo – Ukrzaliznytsia transported 1.42 million tons of iron ore in October 2022
Ukrzaliznytsia transported 1.42 million tons of iron ore in October 2022

Transportation of ferrous metals in one month amounted to 628.5 thousand tons

Photo – Weak demand for steel in China has hit raw material prices
Weak demand for steel in China has hit raw material prices

On October 31, the price of iron ore on the Dalyan Commodity Exchange fell to $83.4/t

Photo – Vale reduced net sales by 18.1% y/y in the third quarter of 2022
Vale reduced net sales by 18.1% y/y in the third quarter of 2022

Weak operating results mainly reflect falling iron ore prices

Photo – Iron ore prices fell to $86/t due to a weak finished steel market
Iron ore prices fell to $86/t due to a weak finished steel market

Iron ore futures on the Dalian Commodity Exchange for the week of October 21-28, 2022, fell by 8% compared to a week earlier

Photo – Turkiye reduced iron ore imports from Ukraine by 60% y/y in August 2022
Turkiye reduced iron ore imports from Ukraine by 60% y/y in August 2022

In January-August 2022, the import of Ukrainian iron ore by Turkiye decreased by 47.7%

Photo – China reduced iron ore imports by 2.3% y/y in January-September 2022
China reduced iron ore imports by 2.3% y/y in January-September 2022

In September, the import of iron ore increased by 4.3% year-on-year and increased by 3.6% compared to the previous month

Photo – An increase in supply in the fourth quarter of 2022 will put pressure on iron ore market
An increase in supply in the fourth quarter of 2022 will put pressure on iron ore market

A slowdown in demand for iron ore was observed in the third quarter of 2022

Photo – UDP sent the first caravan with iron and steel cargoes to the Middle Danube
UDP sent the first caravan with iron and steel cargoes to the Middle Danube

5 barges with sinter ore and pellets were sent from Izmail to the Serbian port of Smederevo

Photo – The Polish port of Szczecin-Świnoujście increased iron ore transshipment by 30% in 9 months
The Polish port of Szczecin-Świnoujście increased iron ore transshipment by 30% in 9 months

In September 2022, iron ore processing in the port decreased by 77.3% y/y

Photo – Rio Tinto increased iron ore shipments by 4% in the third quarter of 2022
Rio Tinto increased iron ore shipments by 4% in the third quarter of 2022

The company confirmed the iron ore shipment forecast for 2022 at the level of 320-335 million tons

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