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South Africa iron ore export shipments up marginally in June'20

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Fines/Lumps
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30 Jul 2020, 17:43 IST
South Africa iron ore export shipments up marginally in June'20

South African iron ore export shipments in June'20 witnessed slight increase on a monthly basis to 4.20 mn t, against 4.14 mn t in May' 20, according to bulk vessel line up data maintained with SteelMint.

South African export shipments to India dropped to nil for the month
The total iron ore exports to India for the month continued to remain nil for the third consecutive month. Exports in the month of Mar'20 were at 0.11 mn t.

SteelMint's assessment of South African imported lumps to India witnessed at $115-118/MT, CNF Kandla. As per market sources report to SteelMint, the prices for lumps are not viable and hence, booking for lumps remains on the lower side. Also, amid higher price offers, the steel mills have increased preference for pellets over lumps. Jindal Saw pellet indicative price for this week stands at INR 8,200/t Del Kandla. However, Company has taken maintenance shut down till 3-4 August 2020.

South African export shipments to China dropped 57% in June'20
South Africa's total iron ore export to China for the month of June'20 recorded at 1.29 mn t, down 57% as compared to 3.03 mn t in May'20.

Exports to Korea were recorded at 0.42 mn t, up 24% against 0.34 mn t in May'20. Exports to Japan marked at 0.24 mn t followed by Netherland at 0.23 mn t.

South Africa iron ore export shipment line up

Qty in mn t
Source: SteelMint, Custom
Provisional Data

30 Jul 2020, 17:43 IST

 

 

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