Russia: FGK ore transportation up in 2016

In 2016 the Federal Cargo Company transported 15.6 million tons of ore, up by 30% YoY. The largest volumes were carried from KMAruda to Tulachermet, and then exported through Russian and Baltic ports. The increase in ore transportation was noted at the Krasnoyarsk (by 146% YoY), Sverdlovsk (by 117%), Zabaikalsk (by 107%), Northern (by 76%),…

Ukraine: iron ore export-import in 2016

In 2016 Ukraine exported 39.2 million tons of iron ore and concentrate valued at $1.827 billion. According to the State Fiscal Service, China was the largest importer of iron ore – $627.32 million, or 34.33% of the total exports. Czech Republic purchased $194.87 million worth of iron ore (10.67%), Poland – $192.21 million (10.52%). Other…

Russia: IMH increases debt

Eurasian Development Bank (EDB) and the Industrial Metallurgical Holding (IMH) signed a loan agreement to boost iron ore outputs. The document was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Evgeny Zubitskiy, President of IMH. In accordance with the agreement, EDB will provide $90 million to IMH for eight years.…

Ukraine: iron ore export-import in November 2016

In November Ukraine exported $186.2 million worth of iron ore, with imports on the level of $3.69 million. According to the State Fiscal Service, the main importer of Ukrainian iron ore in November was China ($54.73 million). In January-November Ukraine exported $1607.6 million worth of iron ore, while imports stood at $70.86 million. (Ukrainian metal)