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Photo – Indian government may reduce export duty on steel and iron ore
Indian government may reduce export duty on steel and iron ore

India's imports of iron ore and steel are rising amid declining exports, requiring government action to remedy the situation

Photo – Rio Tinto and China Baowu will create a joint venture for iron ore mining in Australia
Rio Tinto and China Baowu will create a joint venture for iron ore mining in Australia

The cost of the project will be $2 billion, the agreement must be approved by the governments of Australia and China

Photo – Ukraine reduced iron ore exports by 8% m/m in August 2022
Ukraine reduced iron ore exports by 8% m/m in August 2022

In August 2022, Ukrainian iron&steel companies shipped 1.44 million tons of iron ore abroad

Photo – India’s RINL has signed a long-term contract with NMDC for the purchase of iron ore
India’s RINL has signed a long-term contract with NMDC for the purchase of iron ore

The announced amount of deliveries per year will be about 25% of NMDC's annual production

Photo – China reduced iron ore imports by 3.1% y/y in January-August 2022
China reduced iron ore imports by 3.1% y/y in January-August 2022

In August 2022, the iron ore import decreased by 1.3% y/y and increased by 5.4% compared to the previous month

Photo – Ukrzaliznytsia transported 1.9 million tons of iron ore in August
Ukrzaliznytsia transported 1.9 million tons of iron ore in August

Transportation of steel products decreased by 6.8% compared to the previous month

Photo – Fortescue cuts profit by 40% in 2021/2022 financial year
Fortescue cuts profit by 40% in 2021/2022 financial year

The company's financial indicators decreased against the background of falling prices of iron ore due to a decrease in demand in China

Photo – Fortescue is exploring the possibility of iron ore mining in Gabon
Fortescue is exploring the possibility of iron ore mining in Gabon

The company plans to spend about $90 million on a 3-year exploration program

Photo – Ukraine exported 1.56 million tons of iron ore in July
Ukraine exported 1.56 million tons of iron ore in July

In 7 months, Ukrainian iron&steel companies shipped 18.57 million tons of iron ore abroad

Photo – Turkey imported 119,000 tons of Ukrainian iron ore in June
Turkey imported 119,000 tons of Ukrainian iron ore in June

Supplies of iron ore from Ukraine resumed after a two-month pause

Photo – What does the Pivdennyi port mean for iron&steel industry of Ukraine
What does the Pivdennyi port mean for iron&steel industry of Ukraine

In 2021, the port shipped 77% of all ore that was exported by sea

Photo – China increased iron ore imports by 3.1% in July
China increased iron ore imports by 3.1% in July

In the first 7 months of the year, steel import to China decreased by 3.4%

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