Canada: Iron Ore and Pellet Exports Increase Sharply Q-o-Q in Q3 CY'18

Trade statistics released by Canada custom shows that the iron ore exports by the country recorded at 6.8 MnT in Sept'18. In third quarter ended in Sept'18 Canada iron ore exports increase sharply more than double to 17.34 MnT in Q3 CY'18 as against 7.19 in the last quarter (Q2 CY'18). However on yearly basis, exports increased by 50% as compared to 11.56 MnT in Q3 CY'17.

Owing to local union workforce voted to strike, operations were disrupted during second quarter CY'18. They had reached to a new labor agreement and achieved a normal rate of production towards the end of June 2018.

On yearly basis exports witnessed 83% rise as against 3.71 MnT in Sept'17. The exports depicted significant increase of 19% M-o-M as compared to Aug'18 exports at 5.7 MnT.

For the duration Jan-Sept'18, Canadian exports marked at 33.68 MnT, up 13% as compared to 29.87 MnT last year for the same duration.

The non-agglomerated ore (Lumps and Fines) depicted sharp increase on monthly basis by 11% to 5.17 MnT inSept'18 as against 4.67 MnT in Aug'18. The Y-o-Y exports increase to more than twice as against Sept'17 exports at 2.33MnT.

Agglomerated ore (pellets and concentrates) exports in Sept'18 witnessed at 1.62 MnT, increased 57% M-o-M as compared to Aug'18 exports at 1.03 MnT. On yearly basis, exports depicted an increase of 17% as against Sept'17 exports at 1.38 MnT.

China turns out to be the largest Iron ore importer in Sep'18

China stood the largest importer of Canadian iron ore in Sept'18 at 1.4 MnT, up 51% M-o-M as against 0.93 MnT in Aug'18. Netherland stood the second largest importer at 1.35 MnT (up 65% on monthly basis).

Japan and Bahrain marked a significant rise in monthly iron ore imports.

Canada iron ore exports

Quantity in MnT
Source: Canada Customs
Provisional Data