UKREXPORT paves direct access to miners of Iron Ore in Dnepropetrovsk region of Ukraine. Although general deposits of Iron Ore in Ukraine are estimated on the level of 32.5 billion metric tons in general (which is 1/5th part of all world reserves -- #1 Russia 19% and #4 Ukraine 11% for comparison), 100% of the mined Iron Ore can be immediately consumed domestically. Typical mine normally has obligation to supply 2/3rds of the output for local consumption leaving only 1/3rd for stocking or for exporting. Why not? Local buyers cash down immediately, after all. That's why practically no Iron Ore is available to foreign buyers in a form of easy targets. Providing really committed foreign buyers bring really incoming money, we can allocate 60-62% Fe in quantity 20,000MT on monthly basis and sometimes up to 40,000MT on spot basis. That's Iron Ore Concentrate Fines, to be precise, crashed to average micron fraction 0.50mm and washed of non-metallic impurities. There's no need to ask for our particular prices, as we always aim at Metal Bulletin's CIF Qingdao up-to-date +10% logistical adjustments for less than 100,000mt parcels +$30/mt geogracal adjustments for being too far from China. For example, Metal Bulletin's 62% Fe Index being $66.87 per metric tonne CIF Qingdao. After adding 10% for sub-optimal logistics and $30/mt for Bosporus and Suez passages, we quote $105/mt CIF Qingdao or minus $45/mt = $60/mt FOB Ukraine basis if buyer runs his own fleet of vessels.
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