Iron Ore 101
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Value-in-use iron ore costs Q2 2026
Q2 2026 iron ore value-in-use adjusted costs are up 5.0% compared to last quarter, and margins are below 40% in Q2 2026.
$5,000Lebedinsky GOK iron ore mine
HBI production at Lebedinsky GOK's HBI-3 has exceeded full capacity, producing 4.6 Mt in both the last three years.
$2,250Mikhailovsky GOK iron ore mine
Upgrades at MGOK has enabled pellet capacity to expand to 14 Mtpa and there is potential for further increases in pellet production.
$2,250