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Photo – TEST European steel sector calls for action plan to safeguard industry in face of crisis
TEST European steel sector calls for action plan to safeguard industry in face of crisis

Policymakers in Europe need to follow a “steel action plan” to a avert a crisis in steelmaking, the European steel industry association Eurofer said this week

Photo – BHP mined 257 million tons of iron ore in the 2022/2023 financial year
BHP mined 257 million tons of iron ore in the 2022/2023 financial year

In the 2023/2024 financial year, the company expects to extract 254-264.5 million tons of iron ore

Photo – Australia predicts decline in iron ore export earnings in FY2023/2024
Australia predicts decline in iron ore export earnings in FY2023/2024

Revenues from the export of raw materials will decrease due to the slowdown in China's economic growth

Photo – Australia predicts a drop in coking coal prices to $200/t by 2025
Australia predicts a drop in coking coal prices to $200/t by 2025

In 2023, according to the forecasts of the country's government, coking coal quotes will be at the level of $273/t

Photo – Australia may abandon hydrogen exports in favor of green steel – Sanjeev Gupta
Australia may abandon hydrogen exports in favor of green steel – Sanjeev Gupta

The future of the country may lie in the use of DRI in conjunction with electric arc furnaces

Photo – Baowu Steel seeks to expand cooperation with Australia
Baowu Steel seeks to expand cooperation with Australia

Major iron ore producers are interested in the proposal of the Chinese company

Photo – Australia raises price forecast for iron ore and coking coal
Australia raises price forecast for iron ore and coking coal

Prices are currently forecast at $60/t and $140/t FOB for iron ore and coking coal

Photo – World coking coal prices are falling amid low buyer activity
World coking coal prices are falling amid low buyer activity

Quotations of coking coal for the week of April 11-18, 2023, in Australia decreased by 7.1%, in China – by 7.4%

Photo – Australia predicts decline in iron ore export earnings in 2023-2024 financial year
Australia predicts decline in iron ore export earnings in 2023-2024 financial year

The profits of Australian companies will be reduced due to the expected decline in iron ore prices

Photo – Australia increased iron ore exports by 14% m/m in March
Australia increased iron ore exports by 14% m/m in March

59.9 million tons of iron ore were shipped to Chinese consumers in a month

Photo – Liberty Steel ordered electric arc furnace for Australian plant
Liberty Steel ordered electric arc furnace for Australian plant

The company is also planning a direct reduction plant with a capacity of 1.8 Mt

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