Global Iron Ore Exporting Countries in 2018
Australia - World's largest iron ore exporter has recorded an increase in export shipments by 2% Y-o-Y to 839 MnT in CY18. Major miners in Australia ramped up iron ore production in CY’18. Rio Tinto and BHP Billiton increased iron ore shipments during 2018
Brazil- Amidst stricter regulations in China, buyers prefer low alumina high- grade Brazilian iron ore (Carajas fines) resulting in increased exports from Brazil in CY’18. Vale – world largest iron ore producer increased its production by 5% to 384.6 MnT. Currently, they are facing mines disruption and supply concern owing to Vale dam mishaps in Jan’19.
Iran- Iran plans to increase its crude steel capacity to 55 MnT p.a by 2025. Rising crude steel capacities will further escalate iron ore demand in the country, therefore, they are looking to increased domestic consumption and reduce export.
India- Indian iron ore export in CY18 recorded at 10.6 MnT. Exports witnessed 47% drop against 19.91 MnT in CY17. Operation at Goan mines was put to halt owing to illegal mining case post-Mar’18 and delay in NMDC’s LTA (Long-term agreement) to export resulted in declining exports from India.
source: SteelMint
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