NEWS
IRON and STEEL   Iron Ore  

Global Iron Ore & Pellet Import Market Scenario in 2018

The total iron ore & pellet imports in CY18 witnessed at 1,342 MnT. Amongst the major importing countries include China, Japan, India, South Korea, and Bahrain.

China: According to General Administration of Customs, China - the world's largest iron ore consumer and importer recorded iron ore and pellet imports at 1,064.3 MnT in CY18. The imports have dropped marginally by 2% as against CY17 imports at 1,084.5 MnT. The fall is first annual drop since 2010. The drop is owing to reduced restocking demand due to narrowing steel margins in last quarter of the year. The steel mills are further expected to reduce consumption of medium and high grade ore in 2019.

Japan: Japan, the second largest iron ore importer of the world, recorded iron ore imports at 123.87 MnT in CY'18, down 3% as against CY17 imports at 126.6 MnT. Japan's crude steel output recorded marginal decline on yearly basis to 104.3 MnT in CY18 as against 104.7 MnT in CY17. Australia marked the largest iron ore exporter to Japan at 72.14 MnT followed by Brazil at 33.28 MnT and Canada at 6.09 MnT.

Indian exports to Japan dropped 36% to 1.85 MnT in CY18, against 2.88 MnT in CY17. This is due to expiry of NMDC’s LTA to export iron ore to Japan. This led to nil exports by miner from Apr’18 to Aug’18. On 25th April'18, NMDC received approval for supply of iron ore to Japan and South Korea. However, the miner resumed exports in Sep'18.

South Korea: World's 3rd largest iron ore importer - South Korea has witnessed rise in iron ore and pellet import volumes in CY18. The imports witnessed at 73.16 MnT, up marginally as against 72.43 MnT in CY17. In CY'18, South Korean imports from Australia recorded at 51.9 MnT, up slightly against 51.03 MnT in CY17. Brazil stood second largest exporter at 10.57 MnT (down 3% Y-o-Y) followed by South Africa at 4.76 MnT (up 2% on yearly basis). South Korea's iron ore and pellet imports from India witnessed rise of 13% to 1.12 MnT as against 0.99 MnT in CY17. Indian pellet manufacturer in the CY’18 looked non-Chinese market for exports.

India: Indian iron ore import in CY18 surged in CY18 16.3 MnT, according to the customs data maintained by SteelMint. The imports have increased significantly on yearly basis as against in CY'17 to 5.8 MnT. The rise in imports is attributed to rising steel capacity, lowered domestic availability (suspension at NMDC and Odisha mines), and high discounts offered by imports of low grade ore from Australian miners. Yearly average global iron ore fines (Fe 62%) prices dropped slightly to USD 70/MT, CFR China compared to USD 71/MT, CFR China in CY17.

Bahrain: Bahrain iron ore imports in CY'18 witnessed at 8.99 MnT, up 59% as against 5.64 MnT in CY17. In CY18, Brazilian exports to Bahrain recorded at 6.13 MnT, up 58% against 3.87 MnT in CY17.Chile stood second largest exporter at 1.17 MnT followed by Canada at 1.14 MnT. Bahrain Steel - wholly owned company of Foulath Holding, recently unveiled its plans to double its pellet production over the next 10 years. It has two pelletizing plants with total capacity of 12 MnT p.a. and it is the third largest pellet producing plant in the world.

News No: 4326
Date: 2019/04/11 - 17:27
News Source: SteelMint

Global Iron Ore  Pellet Import  Steel  Canada  Bahrain 

Comments:

Leave a Comment:

   
   
   
 

Indian Govt Recommends Imposition of Provisional Anti Dumping Duty on Galvalume Steel Products

Indian govt has issued preliminary findings in its initiated investigation of anti-dumping on the imports of Aluminum and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.
 

India: JSW Steel Iron Ore Sourcing Up 18% in June’19

JSW Steel-- India's largest steel maker total iron ore sourcing recorded at 2.05 MnT in June'19. The sourcing witnessed 18% rise M-o-M as against 1.73 MnT in May'19. On yearly basis, sourcing fell marginally in June'19 as against 2.09 MnT in June'18.
 

Vietnam: Imported HRC Offers Decline Amid Limited Buying

With the commencement of this week, imported HRC offers to Vietnam registered decline by USD 5-10/MT W-o-W on the back of softening prices in Chinese steel market owing to sparse trading and ‘wait & watch’ approach adopted by Vietnam based end users.
 

India: Raipur Pellet Makers Hike Offers by INR 200/MT (USD 3)

SteelMint in conversation with market participants learned that Raipur (central India) based pellet manufacturers have increased their offers today by INR 200/MT. Current offers for Fe 63% grade to INR 7,000/MT (ex-Raipur, GST extra) as against last assessment at INR 6,800/MT.
 

South Korea’s Hyundai Steel Allowed to Operate Blast Furnace Normally Until Judgement

South Korean based Hyundai Steel, in its Dangjin steel Mill can operate its blast furnace No 2 normally until the administrative authority comes out with probable alternatives to prevent fire or an explosion, as per Steel Daily.
 

Bangladesh: Importers Turn Active for Bulk Scrap Bookings

In recent conversation with industry participants SteelMint learned that steel mills in Bangladesh have turned active for bulk bookings. It is learnt that 2 bulk cargos for ferrous scrap were booked recently from USA and Japan, to Bangladesh
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners