iron ore - Latest news GMK Center

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

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

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

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

In monetary terms, iron ore exports fell by 32.8% in 4 months

The agency expects production to grow by an average of 2.7% in 2022-2026, compared to a decrease of 1.3% in 2017-2021

Panic is at the raw materials and metal markets

Iron ore prices decline is accelerating

During the last week, the value of iron ore on the Dalian Exchange decreased by 10.4%

The company has difficulties with the delivery of spare parts and consumables

Iron ore shipments to the Tršinec railway station, where the Tršinec steel plant located, will be limited

Price of iron ore fell to $122.52/t