[SMM Data] China Iron Ore Port Inventory - 24 April 2026

Fenix Resources has announced its March 2026 quarterly report, indicating total iron ore shipments of 974,000 wet metric tons across 16 vessel loads. The company maintains its full-year sales guidance for fiscal year 2026, projecting shipments between 4.2 -4.8 million metric tons. Regarding realized prices, Fenix achieved an average CFR price of AUD 145.50 /dmt (~$101.20) Additionally, the development of the Beebyn-Hub project is progressing rapidly, with a new crushing and screening plant currently under construction, designed to have an annual capacity of 5 million metric tons. Significant advancements have also been made in completing the final feasibility study for the Weld Range project, which is expected to be finalized in the second half of 2026.

Data released by Eurostat in April indicated that, according to Eurostat's preliminary estimates, seasonally adjusted construction output in the Eurozone decreased by 0.2% in February 2026 compared to January 2026, while output in the wider EU increased by 0.1%. In January 2026, construction output declined by 1.3% in the Eurozone and by 2.1% in the EU. Year-on-year, Eurozone construction output fell by 1.9% in February 2026 compared to February 2025, and EU output declined by 2.0%.

The South Korean government officially launched an 80 trillion won ($58 billion) financial support package on April 22, 2026, aimed at modernizing the domestic steel industry and securing raw material supply chains. The package includes low-interest loans and subsidies for steelmakers transitioning to Electric Arc Furnaces (EAF) and hydrogen-based reduction technologies. This policy move is designed to enhance the competitiveness of South Korean steel exports in a global market increasingly defined by carbon border taxes and green manufacturing requirements.