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iron ore - Latest Articles GMK Center

Photo – Export intensification instead of import taxes
Export intensification instead of import taxes

Unblocking sea ports for iron&steel products will ensure growth of foreign exchange earnings and stabilization of the exchange rate

Photo – The Ministry of Economy calls to extend the grain agreement to the export of iron ore
The Ministry of Economy calls to extend the grain agreement to the export of iron ore

Deputy Minister of Economy Taras Kachka hopes that the grain export agreement can become a model for other goods

Photo – CISA to set up committee to study iron ore market
CISA to set up committee to study iron ore market

The new structure will be able to coordinate the financial resources of enterprises, state institutions and banks

Photo – Ukrzaliznytsia transported more than 2 million tons of iron ore in July
Ukrzaliznytsia transported more than 2 million tons of iron ore in July

The indicator increased by 3.2% compared to the previous month

Photo – Iron ore prices increased by 15% over the week
Iron ore prices increased by 15% over the week

A range of positive news pushes ore prices to a four-week high

Photo – Iron ore prices in China will fall to $70/t in the third quarter – Goldman Sachs
Iron ore prices in China will fall to $70/t in the third quarter – Goldman Sachs

This forecast is based on the crisis in the Chinese real estate market

Photo – Vale lowers its 2022 ore output forecast to 310-320 million tons
Vale lowers its 2022 ore output forecast to 310-320 million tons

The revision of the forecast is associated with the recent sale of the company's assets, the annual production of which amounted to 3.5 million tons

Photo – Vale cut profit by 20% in the first quarter
Vale cut profit by 20% in the first quarter

The company's revenue in January-March decreased by 13.6%

Photo – Ukrzaliznytsia reduced the ore transportation for export by 16% in June
Ukrzaliznytsia reduced the ore transportation for export by 16% in June

In general, during the month Ukrzaliznytsia reduced the transportation of goods through the western border crossings and Danube ports by 10%

Photo – Rio Tinto increased iron ore shipments by 12% in Q2 2022
Rio Tinto increased iron ore shipments by 12% in Q2 2022

Ore mining in April-June increased by 10%, reaching 78.6 million tons

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