Current Status of Russian Iron Ore

Published: Jan 10, 2025 11:07

Save

Russia's iron ore reserves are extremely abundant, with proven reserves of approximately 25 billion mt, accounting for 16.5% of the world's total reserves, ranking third globally.

Russia's iron ore reserves are extremely abundant, with proven reserves of approximately 25 billion mt, accounting for 16.5% of the world's total reserves, ranking third globally. In terms of raw ore grade, Russia's ROM iron ore grade is relatively low, but after beneficiation, its grade can reach a high level. The volume of iron ore exported by Russia to China each year accounts for about 40% of its total exports. The total export volume is only 20 million mt, with exports to China reaching just around 8 million mt. These factors collectively affect Russia's iron ore mining and export situation, resulting in a relatively low share in China's imports.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

[Tangshan Ganglu No.2 Hot-Dip Galvanizing Line Successfully Hot Commissioned]

The No.2 hot-dip galvanizing line of Tangshan Ganglu Cold Rolling Co., Ltd., supplied by MCC Jingcheng Engineering Technology Co., Ltd. (hereinafter referred to as "MCC Jingcheng"), successfully passed hot commissioning on its first attempt. The No.2 hot-dip galvanizing line commissioned this time has a designed annual capacity of 350,000 mt, adopts the U.S. Steel galvanizing process, and produces products with a thickness range of 0.3–2.5 mm and a width range of 700–1,250 mm. The galvanized sheets produced by the line can be widely used in home appliances, construction, and other fields, effectively filling the local gap in galvanized sheet production in Zunhua and further improving the steel deep-processing industry cluster in the northern part of Tangshan.

3 hours ago

Demand Gradually Improves; Building Materials Social Inventory Continues to Destock This Period

3 hours ago

【SMM Analysis】Construction Steel Fundamentals Continue to Recover This Period

According to SMM statistics, both mill stocks and social stocks of construction steel destocked to varying degrees this period. Total construction steel inventory came in at 7.6467 million tons, down 0.2259 million tons period-on-period, or -2.87% period-on-period, with the destocking pace accelerating.

3 hours ago