NEWS
Iron Ore   Transportation  

Australian Iron Ore Exports Fell Sharply in Q1 CY19 Amidst Weather Disruption

Australia - world's largest iron ore exporter has recorded drop in iron ore shipment for Q1 CY19, according to the vessel line up data maintained with SteelMint.

Australia's iron ore export shipments recorded at 187.91 MnT in Q1 CY'19, down 15% as compared to 212.46 MnT in Q4CY18. On monthly basis, Australia iron ore exports down by 20% to 54.44 MnT in Mar'19 as against 67.94 MnT in Feb’19.

The first quarter CY19 witnessed drop in exports owing to weather disruptions and maintenance at Australian port. During the month of Mar’19, Australian Pilbara region was hit by cyclone resulting in suspension of Port Hedland, Dampier and Cape Lambert affecting the normal operations at the port. As a result, the exports by the major miners, BHP Billiton, FMG and Rio tinto were hampered and the miners reduced the iron ore production forecast for the year.

On yearly basis too, the exports fell 9% as against 205.86 MnT in Q1 CY'18.

Australian exports to China down 9% in Q1 CY19

China marked the largest importer of Australian iron ore in Q1 CY19 at 155.24 MnT, down 9% against 171.10 MnT in Q4 CY18. Cyclone Veronica erupted at Australian major ports led the supply constraint in iron ore .

Japan stood the second largest importer at 14.52 MnT (down 19% Q-o-Q), followed by Korea at 10.63 MnT (down 23%).

Port Hedland iron ore exports down 6% in Q1 CY19

In Q1 CY'19, Port Hedland exported 116.99 MnT, down 6% against 124.91 MnT inQ4 CY’18, followed by Walcott at 37.46 MnT (down 23% Q-o-Q) and Dampier at 29.84 MnT (down 16% on quarterly basis). Towards second week of Mar’19 the exports from Port Dampier and Port Hedland were hit due to maintenance work and later hit by weather disruptions.

Average iron ore prices increased sharply by 15% Q-o-Q

The average iron ore prices in Q1CY19 increased 15% to USD 82.3/ MT as against USD 71.74/ MT in Q4 CY’18. Monthly average global iron ore fines (Fe 62%) prices witnessed ay USD 86/MT, CFR China in line with last month assessment.

 

News No: 4283
Date: 2019/04/09 - 15:34
News Source: SteelMint

Australian  Iron Ore  Export  shipment  SteelMint 

Comments:

Leave a Comment:

   
   
   
 

India: SAIL Reduces Pig Iron Offers for August Deliveries

Steel Authority of India Ltd (SAIL) has reduced basic grade (steel grade) pig iron offers by around INR 700/MT (USD 10) from its Bhilai Steel Plant (BSP) based in Central India, SteelMint learned from market sources.
 

Indian Iron Ore Exports Up 19% in July’19

Indian iron ore export volumes for July’19 stood at 2.13 MnT, up 19% as against 1.79 MnT in June’19. On yearly basis, exports increased significantly compared to July’18 at 0.17 MnT.
 

India: Rebar Prices in Secondary Market Hovering at 2-Years Low

Indian rebar prices of medium and small scale mills hit nearly 2 years low amid constant downfall over dull demand amid heavy monsoon season which has put construction activities on hold. As per SteelMint's assessment the prices slumped by INR 500-1,500/MT (USD 7-21) W-o-W.
 

Iran Billet Export Offers Soften on Limited Trades

After observing deals in past few weeks, this week left the Iranian billet market sentiments softened. SteelMint’s current Iran’s billet export assessment stands at USD 385-390/MT, FoB, down by USD 5/MT against last week’s assessment of USD 390-395/MT, FoB.
 

Tata Steel Q1FY20 Results - Key Takeaways

India’s steel giant - Tata Steel announced Q1 FY20 results yesterday. SteelMint attended the analyst/investor conference call and the highlights are mentioned below.
 

Northern Minn. iron ore mining company invests in steel industry’s future

In 1956, the giant Northshore Mining plant on the shores of Lake Superior was the first facility built in North America to make pellets out of taconite, a low-grade iron ore. It used a process developed at the University of Minnesota after the supply of high-grade natural ore in the state was nearly mined out.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners