raw iron ore materials

China is increasing its capacity to produce iron ore concentrate

From 2022, the volume of additional capacities amounted to 50 million tons

Ukraine is ready to export up to 1.5 million tons of additional pig iron to the EU market

Ukrainian suppliers are ready to replace the products of Russian producers on the EU market in case of sanctions on pig iron and steel from the Russian Federation

Ingulets Mining received permission to carry out blasting operations in the quarry

Carrying out these works without contractors will save the company almost UAH 0.5 million

Vale will start building megahubs in the Middle East in 2024

The first of the megahubs is expected to start operating in 2027

Metinvest produced more than 1 million tons of steel in the first half of the year

Production of iron ore concentrate in January-June amounted to 4.75 million tons, and coal – 3.04 million tons

Global iron ore market trend: EU and Ukraine’s prospects

In January-April, Ukrainian iron ore exports to the EU amounted to 19.7% of the total European imports

Iran has increased export duties on raw materials and semi-finished products

Export duty on billets and slabs increased to 2%, on iron ore – to 20%

ERG will jointly develop HBI production in Kazakhstan with Baowu

The project is expected to be implemented in two phases

China’s steelmakers seek to increase the use of domestic resources of iron ore

A strategic plan for the use of local raw materials was launched in 2022

Metinvest produced 491 thousand tons of steel in the first quarter

Production of iron ore concentrate was 2.31 million tons, and coal production – 1.46 million tons

Tosyali Algeria invests $120-150 million in the construction of mining in Algeria

The annual capacity of the enterprise will be 500,000 tons of iron ore concentrate