Prices for iron ore of literally all major origins have risen owing to, firstly, scant inflow of the raw material to the sales markets and, secondly, strong demand from China where the principal producers show high pace of steel production this week.
There were about 8,600 wagons with various goods waiting to be transferred through Ukraine’s western land border crossing points as of August 24 compared with 7,390 wagons seen in late July.
Starting from August 26, transportation of ore, slag and ash (HS 26) from Ukrainian stations via the Izov-Exp border crossing (PKP) to Slawkow LHS in Poland for Arcelor Mittal Polska consignee is prohibited.
Iron ore prices have started rising again amid expectations of the upcoming steel output splash in China as well as due to small iron ore stockpiles at local ports
As many as 562 wagons were heading to the Batiovo – Epereshke land border crossing point on August 21, of which 182 wagons were loaded with grain, 105 wagons with vegetable oil, and 16 wagons with cakes.
As many as 287 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point from August 1 to August 17 (up 11 wagons compared with the period from August 1 to August 10).
A total of 1,302 wagons were waiting in a queue at the Izov station on August 1-16, while 1,219 wagons were standing at the Mostyska-2 station and 400 wagons at the Yahodyn station (170 units with grain, 59 units with clay, 66 units with cement, and 33 containers).
Quotes for imported iron ore have been fluctuating in China this week. On the one hand, uninspiring outlook on the short-term prospects of the market of finished steel products keeps putting pressure on iron ore prices
There were about 8,700 wagons with various goods waiting to be transferred through Ukraine’s western land border crossing points as of August 17 compared with 7,390 wagons seen in late July.