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.
-- 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.