South Africa: Pig Iron Exports Rise in August 2017
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South Africa, one of the major exporter for pig iron has registered a growth in exports about 30,000 MT (150%) M-o-M in August'17.
According to the South Africa customs, the nation has exported about 50,000 MT pig iron during August'17 against 20,000 MT in July'17.
Coming to total exports in CY 2017 (Jan-Aug) it has been registered at 300,000 MT, surge by 50% against 200,000 MT in the same period during 2016.
Further on yearly calculation, the country exported around 310,000 MT in CY 2016 & at 430,000 MT in CY 2015.
Country wise:
During August 2017, the largest importer of South African originated pig iron was United States (20,000 MT), while Netherlands, Italy & South Korea imports around 10,000 MT each respectively.
Similarly, in the total pig iron exports during the CY 2017 (Jan-Aug), the major buyers of South African Pig iron was - United States (28.65%), Netherlands (16.25%), Italy (11.9%) & South Korea (5.02%).
Key Updates
1. The global offers of steel grade Pig Iron are currently at USD 350-370/MT FoB Brazil & USD 370/MT FoB India
2. South African RB2 (5500 NAR) coal offers are prevailing at USD 84-86/MT CNF India.
3. Presently, export offers of Fe 63/64 grade iron ore lumps are at USD 73/MT Main port, & Fe 64 lumps at USD 85/MT Richard Bay, FoB South Africa
Top Unload Country in 2017
| Country | MnT | % Share |
| United States | 0.09 | 28.65 |
| Netherland | 0.05 | 16.25 |
| Italy | 0.04 | 11.9 |
| South Korea | 0.02 | 5.02 |
| Taiwan | 0.01 | 4.69 |
| Turkey | 0.01 | 4.5 |
| Japan | 0.01 | 4.35 |
| Germany | 0.01 | 3.35 |
| Australia | 0.01 | 3.03 |
| Spain | 0.01 | 3.01 |
| Slovenia | 0.01 | 2.83 |
| Others | 0.04 | 12.4 |
| Grand Total | 0.3 | 100 |
Quantity in MnT
Sources: SteelMint Stats
