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
|
Country
|
Q2
CY'18
|
Q1
CY'18
|
Q-o-Q(%)
|
Jun'18
|
May'18
|
M-o-M
(%)
|
|
China
|
3.07
|
5.70
|
-46%
|
1.12
|
1.14
|
-3%
|
|
Malaysia
|
0.052
|
0.055
|
-5%
|
-
|
-
|
-
|
|
UAE
|
0.03
|
-
|
100%
|
0.03
|
-
|
100%
|
|
N/A
|
0.13
|
0.09
|
43%
|
0.03
|
-
|
100%
|
|
Grand Total
|
3.28
|
5.84
|
-44%
|
1.17
|
1.14
|
2%
|
Qty
in MnT
Source:
SteelMint Stats, Keyvan Jafari Tehrani