iron ore - Latest news GMK Center

Key volumes of raw materials were sent to China, Slovakia and Poland

Mining companies are forced to make concessions to buyers

Production of iron ore products decreased by 1.5% y/iy over the period

Market participants do not predict further price increases

Despite the war, the company continued investing in strategic projects during 2024

Cyclones in Australia disrupted the company's plans, which warns of the risk of disrupting the forecast for 2025

Imports of iron ore decreased by 7.8% y/y over the period

Investors and consumers fear further deterioration in trading conditions

Key volumes of raw materials were sent to China, Slovakia and Poland

Shipments recovered from a 22-month low in February

So far, the changes have affected only low-grade products, but there are prerequisites for further price increases for the entire line

Raw material supplies fell by 13.4% year-on-year