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United States: Imports Surge; Exports Down Marginally in Oct'18

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13 Dec 2018, 16:08 IST
United States: Imports Surge; Exports Down Marginally in Oct'18

United States, recorded iron ore imports at 0.53 MnT in Oct'18, up 43% as against 0.37 MnT in Sep'18. However, on yearly basis, imports recorded 26% increase as against Oct'17 imports at 0.42 MnT.

For the duration Jan-Oct'18, total imports by US marked at 4.38 MnT, down 16% as compared to 5.24 MnT for last year same duration (Jan-Oct'17).

US crude steel production up 4% in Oct'18

United States crude steel production recorded 4% rise in Oct'18 at 7.57 MnT as against Sep'18 production at 7.26 MnT. On yearly basis, output increased 11% as compared to 6.85 MnT in Oct'17.

Brazillian exports to US surge significantly in Oct'18

Brazil contributed 85% of total US iron ore imports for the month at 0.45 MnT, up by almost four folds as against being 0.12 MnT a month ago. Ukraine stood second largest exporter at 0.05 MnT followed by Canada at 0.03 MnT.

United States: Country Wise Iron Ore Import

Country Oct-18 Sep-18 M-o-M (%) Jan-Oct'18 Jan-Oct'17 Y-o-Y (%)
Brazil 0.45 0.12 275% 2.67 3.48 -23%
Ukraine 0.05 0 100% 0.05 0 100%
Canada 0.03 0.19 -84% 0.68 0.66 3%
Others 0 0.06 -100% 0.99 1.12 -12%
Grand Total 0.53 0.37 43% 4.38 5.24 -16%

Quantity in MnT
Source: United States Customs
Provisional Data

United States Iron Ore Exports down marginally in Oct'18

United States iron ore exports for the month of Oct'18 witnessed at 1.27 MnT, down 2% on monthly basis as against 1.3 MnT in Sep'18. However, on yearly basis exports witnessed 23% rise as against 1.03 MnT in Oct'17.

US exports for Jan-Oct'18 witnessed at 11.02 MnT, up 23% as against Jan-Oct'17 at 8.98 MnT.

United States exports to Canada Up slightly in Oct'18

Canada stood the largest importer of iron ore from US in the month of Oct'18 at 1.03 MnT, contributing 81% of total exports share. Japan stood the second largest importer at 0.17 MnT (down 35% M-o-M), followed by Germany at 0.05 MnT.

United States: Country Wise Iron Ore Export

Country Oct-18 Sep-18 M-o-M (%) Jan-Oct'18 Jan-Oct'17 Y-o-Y (%)
Canada 1.03 1.02 1% 8.49 6.56 29%
Japan 0.17 0.26 -35% 1.88 1.99 -6%
Germany 0.05 0 100% 0.16 0.04 300%
Mexico 0.03 0.02 50% 0.49 0.13 277%
Grand Total 1.27 1.3 -2% 11.02 8.98 23%

Quantity in MnT
Source: United States Customs
Provisional Data

13 Dec 2018, 16:08 IST

 

 

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