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iron ore - Latest news GMK Center

Photo – KZHRK produced 2.3 million tons of sinter ore in January-August 2022
KZHRK produced 2.3 million tons of sinter ore in January-August 2022

Sinter ore production decreased in 8 months of 2022 by 21.9% y/y

Photo – Moody’s changed the global forecast for the mining and metals sector
Moody’s changed the global forecast for the mining and metals sector

The aggregate EBITDA of the largest companies is expected to decline over the next 12 months

Photo – UDP is developing new routes for transporting iron ore on the Middle Danube
UDP is developing new routes for transporting iron ore on the Middle Danube

After the start of the war, almost the entire fleet of the Danube Shipping Company was relocated to the Lower Danube to ensure the export of grain

Photo – Ukrzaliznytsia transported 1.4 million tons of iron ore for export in August 2022
Ukrzaliznytsia transported 1.4 million tons of iron ore for export in August 2022

In January-August 2022, Ukrainian mining companies sent 18.7 million tons of iron ore abroad by rail

Photo – Fortescue to invest $6.2 billion in carbon-free iron ore mining
Fortescue to invest $6.2 billion in carbon-free iron ore mining

Full implementation of the company's strategy will make it possible to reduce greenhouse gas emissions by 3 million tons per year

Photo – World iron ore production in 2022 will reach the level of last year – Mysteel
World iron ore production in 2022 will reach the level of last year – Mysteel

Annual production of iron ore should reach 2.4 billion tons due to production growth in the second half of the year

Photo – Fitch downgrades iron ore and coking coal price forecasts for 2022
Fitch downgrades iron ore and coking coal price forecasts for 2022

The updated expectations reflect a decline in global steel production

Photo – Indian government may reduce export duty on steel and iron ore
Indian government may reduce export duty on steel and iron ore

India's imports of iron ore and steel are rising amid declining exports, requiring government action to remedy the situation

Photo – Rio Tinto and China Baowu will create a joint venture for iron ore mining in Australia
Rio Tinto and China Baowu will create a joint venture for iron ore mining in Australia

The cost of the project will be $2 billion, the agreement must be approved by the governments of Australia and China

Photo – Ukraine reduced iron ore exports by 8% m/m in August 2022
Ukraine reduced iron ore exports by 8% m/m in August 2022

In August 2022, Ukrainian iron&steel companies shipped 1.44 million tons of iron ore abroad

Photo – India’s RINL has signed a long-term contract with NMDC for the purchase of iron ore
India’s RINL has signed a long-term contract with NMDC for the purchase of iron ore

The announced amount of deliveries per year will be about 25% of NMDC's annual production

Photo – China reduced iron ore imports by 3.1% y/y in January-August 2022
China reduced iron ore imports by 3.1% y/y in January-August 2022

In August 2022, the iron ore import decreased by 1.3% y/y and increased by 5.4% compared to the previous month

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