South Africa Pig Iron Exports Rise in November
South Africa pig iron exports surge by around 12,500 MT (19.69%) M-o-M & 24,500 MT (48.34%) Y-o-Y in Nov’18 & recorded three month high, according to the customs.
The nation has exported about 75,219 MT pig iron during Nov’18 against 62,843 MT in Oct’18. United States (16,100 MT) remains the largest importer in Nov’18 , inline Netherlands second topped the list with 15,501 MT of imports from the nation .
Coming to total exports in CY18 (Jan-Nov) it has been registered at 565,172 MT, rise by 25.11% as against 451,735 MT in the same period during 2017. On yearly calculation, the country exported around 544,283 MT in CY17 & at 312,375 MT in CY16
The crude steel production of South Africa was around 528,200 MT in Nov’18, fall by 2.78% M-o-M, and in CY18 (Jan-Nov) it was approximately 5,904,400 MT.
Country-wise South African Pig iron exports
-- USA, the largest importer of South African Pig iron has imported 157,285 MT Pig iron in 2018 (Jan-Nov) against 131,816 MT in 2017 (Jan-Nov).
-- Netherlands, the second largest Pig iron importer of South African Pig iron has imported 75,734 MT Pig iron in 2018 (Jan-Nov) against 60,513 MT in 2017 (Jan-Nov).
-- India, the third largest Pig iron exporter to South Africa has exported 53,321 MT in 2018 (Jan-Nov).
Market Updates
-- In Nov’18, India remains the largest importer of ferrous scrap from South Africa with 20,721 MT. While, Pakistan & Bangladesh imported around 8,151 MT & 6,971 MT in the month
-- The global export offers of steel grade Pig Iron are assessed at USD 340-345/MT FoB Brazil & USD 355-365/MT FoB India.
-- Presently, export offers of iron ore lumps, Fe 64%, South Africa are at USD 96/MT CNF India.
-- South Africa Iron Ore Exports to India inclined 25% M-o-M & stood at 280,700 MT in Nov’18 as against 225,044 MT in Oct'18.
-- South African RB2 (5500 NAR) coal offers are assessed at USD 64/MT on FoB basis & USD 78/MT CNF India.
source: SteelMint
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