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.
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% |