Iron ore and Coal

Bahrain Iron Ore Imports fall Sharply, Pellet Export Down 6% in Jun`18

Bahrain Iron Ore Imports fall Sharply, Pellet Export Down 6% in Jun`18
Mining News Pro - Bahrain: Iron ore import drops 71% M-o-M in June`18
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In June`18, the iron ore imports by the country reduced by 71% to 0.33 MnT as against 1.12 MnT a month ago. However, on yearly basis imports have reduced by 30% as against 0.47 MnT in June`17. As per reports, Anglo American suspended a contract to supply iron ore to Bahrain Steel as miner was facing troubles in its Brazilian project after spills from a pipeline that carries the commodity to port.

However, Bahrain has recorded increase in quarterly iron ore imports to 2.57 MnT in Q2 CY`18. The import increased to almost twice on quarterly basis as against 1.32 MnT in Q1 CY`18. On yearly basis also, the imports increased to twice as against 1.28 MnT in Q1 CY`17.

Country-wise Iron Ore Imports:

Brazil stood the largest exporter of iron ore to Bahrain in Q1 CY`18 at 2.27 MnT, up more than twice on quarterly basis, contributing 88% share of total Bahrain iron ore imports. The remaining 12% imports were contributed by Canada at 0.3 MnT.
Brazil stood the only importer of Bahrain iron ore for the month of June`18 at 0.33 MnT.

Bahrain`s Country wise iron ore imports

Country

Q2 CY`18

Q1 CY`18

Q-o-Q (%)

June`18

May`18

M-o-M (%)

Brazil

2.27

0.86

164%

0.33

0.97

-66%

Chile

0

0.34

-100%

-

-

-

Canada

0.3

0

100%

-

0.15

-100%

Turkey

0

0.11

-100%

-

-

-

Grand Total

2.57

1.32

95%

0.33

1.12

-71%

Bahrain exports down 6% M-o-M in June`18

Bahrain exports in June`18 recorded at 0.62 MnT, down 6% M-o-M as against 0.66 MnT in May`18. Oman stood the largest importer at 0.39 MnT (up 50% M-o-M). Bahrain exports to India stood nil in June`18 as against 0.09 MnT in the month of May`18.

The country exports recorded at 1.8 MnT in Q2 CY`18, up 64% Q-o-Q as against Q1 CY`18 exports at 1.1 MnT. However on yearly basis, exports recorded a decline of 9% as against Q2 CY`17 exports at 1.97 MnT.

Country wise exports Q2 CY`18 v/s Q1 CY`18

Country

Q2 CY`18

Q1 CY`18

Q-o-Q (%)

June`18

May`18

M-o-M (%)

Oman

1.04

0.38

174%

0.39

0.26

50%

United Arab Emirates

0.45

0.15

200%

0.22

0.15

47%

Saudi Arabia

0.21

0.33

-36%

-

0.16

-100%

India

0.09

0.15

-40%

-

0.09

-100%

Egypt

0

0.08

-100%

-

-

-

Grand Total

1.8

1.1

64%

0.62

0.66

-6%



 


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