iron ore - Latest news GMK Center

A range of positive news pushes ore prices to a four-week high

Iron ore production fell by 2% in six months

This forecast is based on the crisis in the Chinese real estate market

The revision of the forecast is associated with the recent sale of the company's assets, the annual production of which amounted to 3.5 million tons

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

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

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

Production of sinter ore decreased by 17% in six months

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

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

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

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