Russi an Iron Or e Mark et

摘要

Amid limited global supply of iron ore, China remains the main sales market for Russian concentrate. In H1 (just like in the entire year 2020), China accounted for more than 80% of Russian concentrate exports and will remain the largest consumer in the forecast period. On the back of rising domestic consumption in Russia, concentrate exports may decrease in 2021, while that of pellets will rise thanks to improved demand in Europe. Exports to China may get a new boost by the long-awaited launch of Nizhneleninskoye - Tongjiang railway bridge. The bridge trial is scheduled for August, while the launch is expected in Q1 2022.