Iron ore prices have fallen to an annual low due to weak demand from China. For the first time in almost a year, iron ore futures in China fell below 600 yuan ($93.75) per ton due to weak supply conditions and poor demand forecasts. It is noted that ore supplies from Australi... #IronOre #IronOredemandinChina #IronOrePrices #IronOrePricesFall
Boosted by booming world iron ore prices, Ukraine’s foreign trade was up 20% to $39.5 billion from January to April, compared to the same period last year, reported the State Customs Service. With bills for imported oil and gas rising 18%, to $3.5 billion, imports rose 21%, to $20.4 billion. The trade deficit for th... #IronOreExport #IronOrePrices #IronOreUkraine
Although iron ore exports were down 8%, to 14.2 million tons, earnings from Ukraine’s iron ore sales almost doubled, reaching $2.3 billion . With mines in Brazil and South Africa closed due to Covid-19 infections among staff, the world price of a ton of iron ore has jumped from $40 to $200, wrote Oleksandr Kalenkov, President of Ukrmetal... #IronOre #IronOreExport #IronOrePrices
