- Project offers short transport distance to steel growth markets of Turkey, Egypt and the Middle East, with rail, port and power-access secured
- Premium 68 percent iron content pellet feed generates fewer emissions per ton of steel and at a lower cost due to increased steel blast furnace productivity
- Global crude steel output was up nearly 5 percent in March over the prior year, rising to 155 million tons
Canadian iron ore exploration and development company Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN)is advancing its Shymanivske iron ore deposit located in the historically rich Krivyi Rih region of Ukraine at a time that appears favorable for investors as iron ore prices increase and the global appetite for steel remains strong. Black Iron’s plans to produce an ultra-high-grade, 68 percent iron ore pellet feed with few impurities at very low cost at its Shymanivske project have been independently reaffirmed by highly regarded market intelligence groups CRU and Wood Mackenzie.
Iron ore is essential to steel-making, and Black Iron projects that its 68 percent premium iron, pellet feed product will sell for a significantly higher price than the 62 percent and…
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