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Tuesday, July 3, 2018 - 1:02:47 PM
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Mining News - According to the data maintained by SteelMint, Iran has exported 3.28 MnT iron ore via bulk shipments in first quarter of Iranian year (during 21st Mar- 20th Jun`18). The exports have witnessed a significant decline of 44% Q-o-Q as against 5.84 MnT in previous quarter (21st Dec- 20th Mar`18). The increased demand for high grade iron ore with low alumina content amidst strict environmental regulations in China has reduced Iranian exports.
On yearly basis, the exports witnessed decline of 36% in Q2 CY`18 as against Q2 CY`17 at 5.13 MnT.
However, In June`18, the Iranian exports witnessed an increase of 3% M-o-M to 1.17 MnT against 1.14 MnT in May`18. The Iranian exports witnessed a decline of 36% Y-o-Y in Jun`18 as against 1.82 MnT in Jun`17.
Country wise Iranian Iron Ore Exports
China marked the largest importer of Iranian iron ore for Q2 CY`18 at 3.07 MnT, contributing 94% of total Iranian export share. However, the export to China stood down 46% on quarterly basis as against being 5.70 MnT in Q1 CY`18.
Malaysia stood the second largest importer at 0.05 MnT, almost stable on quarterly basis.
In June`18, China stood the largest importer of Iranian iron ore at 1.12 MnT, down marginally against 1.14 MnT in May`18.
Iran country wise bulk iron ore exports Q2 CY`18 v/s Q1 CY`18
Iran is planning to Invest in Afghanistan (Herat Province) Iron ore Mine-:
Iran is planning to invest in Sangan iron ore mine of Herat Province, located in border areas between Afghanistan and Iran. As mineral resources from Sangan iron ore mine on the Iranian side are nearing depletion, Iran is willing to invest in the Afghanistan part of the mine to fulfill its need of raw materials.
Short Link:
https://www.miningnews.ir/En/News/206833
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