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
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
