Iron ore and Coal

Japan: Iron Ore Import Drops 8% in June`18

Japan: Iron Ore Import Drops 8% in June`18
Mining News Pro - Japan, the second largest iron ore importer of the world, recorded iron ore imports at 10.69 MnT in June`18 as against 11.61 MnT in May`18. However, on yearly basis, imports stood in line with June`17 imports at 10.63 MnT.
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For the quarter ending June`18, iron ore imports witnessed at 32.21 MnT in Q2 CY`18. The imports witnessed an increase of 5% as against 30.71 MnT in last quarter. On yearly basis, the imports witnessed marginal decline as against 32.76 MnT in Q2 CY`17.

Japan`s Crude Steel output fell in June`18

In June`18, Japan`s crude steel output decreased by 4% to 8.76 MnT in June`18 against 9.09 MnT in May`18.On yearly basis, the output increased by 4% compared to June`17 imports at 8.41.

The non-agglomerated (fines/lump) iron ore imports in June`18 witnessed at 9.38 MnT, down 8% M-o-M as against May`18 imports at 10.15 MnT. On yearly basis, imports stood almost in line with June`17 imports at 9.23 MnT.

Agglomerated (pellets/concentrate) imports recorded at 1.32 MnT in June`18, down 9% M-o-M as against 1.45 MnT in May`18. The agglomerated ore imports in June`18 stood 5% down on yearly basis as against 1.39 MnT in June`17.

Indian iron ore exports to Japan declined 51% in Q2 CY`18

Indian exports for the quarter declined by 51% to 0.46 MnT in Q2 CY`18. This is owing to  nil exports by NMDC for the complete quarter owing to expiry of LTA (Long Term Agreement). For the quarter Q2 CY`18, Australia stood the largest exporter at 18.44 MnT (in line with last quarter), followed by Brazil at 9.44 MnT (up 25% Q-o-Q).

Australia continues to remain the largest iron ore exporter to Japan in the month of June`18 with total quantity of 6.39 MnT, (up 5% on monthly basis) contributing 60% share of total Japanese import, followed by Brazil at 3.1 MnT (down 26% M-o-M).

Country Wise Iron Ore Import

Country

Q2 CY`18

Q1CY`18

Q-o-Q (%)

Jun-18

May-18

M-o-M (%)

Australia

18.44

18.76

-2%

6.39

6.09

5%

Brazil

9.44

7.53

25%

3.1

4.19

-26%

Canada

1.69

1.22

39%

0.5

0.37

35%

South Africa

0.88

0.89

-1%

0.31

0.39

-21%

India

0.46

0.94

-51%

0.08

0.08

0%

Chile

0.42

0.38

11%

0.16

0.11

45%

Ukraine

0.27

0.25

8%

0

0.27

-100%

United States

0.22

0.26

-15%

0

0.1

-100%

Others

0.38

0.46

-17%

0.15

0

100%

Grand Total

32.21

30.71

5%

10.69

11.61

-8%



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