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Photo – ArcelorMittal reduced steel output by 14.1% y/y in January-September 2022
ArcelorMittal reduced steel output by 14.1% y/y in January-September 2022

Iron ore production decreased by 7.7% y/y in 9 months

Photo – India almost did not exported iron ore in October 2022
India almost did not exported iron ore in October 2022

The reason was high export duties and a decrease in demand from China

Photo – Ukraine exported 1.06 million tons of iron ore in October 2022
Ukraine exported 1.06 million tons of iron ore in October 2022

Exports of foreign materials for the month decreased to the lowest figure since the beginning of the year – by 21% m/m

Photo – China reduced iron ore imports by 1.7% y/y in January-October 2022
China reduced iron ore imports by 1.7% y/y in January-October 2022

In October 2022, the import of iron ore decreased by 3.7% year-on-year and by 4.75% compared to the previous month

Photo – KZHRK produced 2.65 million tons of iron ore in January-October 2022
KZHRK produced 2.65 million tons of iron ore in January-October 2022

Production of sinter ore for 10 months of 2022 decreased by 26.8% y/y

Photo – Iron ore prices increased to $91/t on expectations of quarantine easing in China
Iron ore prices increased to $91/t on expectations of quarantine easing in China

Iron ore futures on the Dalian Stock Exchange for the week of October 28 – November 4, 2022, increased by 6.1% compared to the previous week

Photo – The Southern Mining resumes production after 4 months of downtime
The Southern Mining resumes production after 4 months of downtime

The operational business plan for November will be 173,000 tons of iron ore concentrate

Photo – Ukrzaliznytsia transported 1.42 million tons of iron ore in October 2022
Ukrzaliznytsia transported 1.42 million tons of iron ore in October 2022

Transportation of ferrous metals in one month amounted to 628.5 thousand tons

Photo – Weak demand for steel in China has hit raw material prices
Weak demand for steel in China has hit raw material prices

On October 31, the price of iron ore on the Dalyan Commodity Exchange fell to $83.4/t

Photo – Vale reduced net sales by 18.1% y/y in the third quarter of 2022
Vale reduced net sales by 18.1% y/y in the third quarter of 2022

Weak operating results mainly reflect falling iron ore prices

Photo – Iron ore prices fell to $86/t due to a weak finished steel market
Iron ore prices fell to $86/t due to a weak finished steel market

Iron ore futures on the Dalian Commodity Exchange for the week of October 21-28, 2022, fell by 8% compared to a week earlier

Photo – Turkiye reduced iron ore imports from Ukraine by 60% y/y in August 2022
Turkiye reduced iron ore imports from Ukraine by 60% y/y in August 2022

In January-August 2022, the import of Ukrainian iron ore by Turkiye decreased by 47.7%

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