South Africa - world`s 3rd largest iron ore exporter after Australia and Brazil recorded a decline of 21% in June`18. South Africa has exported 4.88 MnT in June`18, as against 6.16 MnT in May`18. However, the June`18 exports on yearly basis, witnessed in line with June`17 exports. According to the trade data released by South African Customs.
The decline is owing to derailments occurred in iron ore exports channel from Kumba iron ore mines, which bears a production capacity of around 42 MnT and contributes exports of about 9.5 MnT pa.
For the quarter ending June`18, South African exports recorded at 16.79 MnT, up 8% as against 15.56 MnT Q1CY`18.
In H1 CY`18 Country has witnessed a marginal increase of iron ore export at 32.35 MnT as compared to 31.72 MnT in H1 CY`17.
An agglomerated (pellets/concentrate) iron ore exports on monthly basis, recorded a decline of 28% to 2.84 MnT in June`18 as against 3.93 MnT in May`18. However, on yearly basis exports increased by 6% in Jun`18 against 2.68MnT in Jun`17.
The non-agglomerated (fines/lump) iron ore exports M-o-M exports were down by 9% in June`18 to 2.04 MnT as against May`18 exports at 2.23 MnT. On yearly basis exports decreased by 5% in Jun`18 against 2.15MnT in Jun`17.
Indian iron ore imports from South Africa decreased 80% M-o-M in Jun`18
China continues to remain the largest iron ore importer from South Africa for the month of June`18, and imported 2.87 MnT, contributing 59% share of total South African iron ore export in June`18 (down 23% M-o-M), followed by Netherland at 0.36 MnT (up twice on monthly basis).
Indian iron ore imports from South Africa dropped 80% M-o-M to 0.11 MnT in June`18, as against 0.54 MnT in May`18.On quarterly basis iron ore imports recorded at 0.95 MnT , down 30% as compared to 1.36 MnT in last quarter.
Country wise South African Iron Ore Exports
| Country | Q2 CY`18 | Q1 CY`18 | Q-o-Q (%) | Jun-18 | May-18 | M-o-M (%) |
| China | 10.4 | 9.79 | 6% | 2.87 | 3.71 | -23% |
| Netherland | 1.11 | 0.61 | 82% | 0.36 | 0.18 | 100% |
| India | 0.95 | 1.36 | -30% | 0.11 | 0.54 | -80% |
| Japan | 0.94 | 1.04 | -10% | 0.3 | 0.45 | -33% |
| South Korea | 0.86 | 1.07 | -20% | 0.17 | 0.69 | -75% |
| Germany | 0.55 | 0.39 | 41% | 0.13 | 0.27 | -52% |
| Italy | 0.35 | 0.39 | -10% | 0.17 | 0.01 | 1600% |
| Turkey | 0.33 | 0.16 | 106% | 0.17 | 0 | 100% |
| Others | 1.3 | 0.75 | 73% | 0.59 | 0.32 | 84% |
| Grand Total | 16.79 | 15.56 | 8% | 4.88 | 6.16 | -21% |
