Ukrainian iron ore market

摘要

Amid lowered domestic consumption of sinter and pellets in Ukraine (DMZ was launched only in late May) and slackening demand from European consumers of Ukrainian iron ore, China remains the only outlet for unclaimed tonnages. In Q2, Ukraine exported 8.95 million t of pellets, which is a new record high. In the forecast period, Ukrainian railway and port infrastructure will remain the weakest links in the supply chain, which could restrain exports to any destination. The rise in the rent for iron ore production is still being discussed. In May, the President signed the law stipulating the rent increase from 8% to 11-12% depending on IODEX (Fe?58%, CFR China) which is strongly opposed by Ukrainian steelmakers.