South Africa, one of the major exporter for pig iron has registered growth in exports about 10,000 MT (20%) M-o-M in September’17.
According to the South African customs, the nation has exported about 60,000 MT pig iron during September’17 against 50,000 MT in August’17 and it’s the highest quantity exported in the current year yet.
Coming to total exports in CY 2017 (Jan-Sep) it have been registered at 360,000 MT, surge by 56.52% against 230,000 MT in the same period during 2016. On yearly calculation, the country exported around 310,000 MT in CY 2016 & at 430,000 MT in CY 2015.
Country wise:
During September 2017, the largest importer of South African originated pig iron was United States (20,000 MT), while Netherlands, Taiwan, Japan & Germany imports around 10,000 MT each respectively.
Similarly, in the total pig iron exports during the CY 2017 (Jan-Sep), the major buyers of South African Pig iron was – United States (29.04%), Netherlands (15.13%), Italy (10.41%).
Key Updates
1. The global export offers of steel grade Pig Iron are currently at USD 350-360/MT FoB Brazil & USD 330-340/MT FoB India.
2. South African RB2 (5500 NAR) coal offers are prevailing at USD 89/MT CNF India.
3. Presently, export offers of Fe 63/64 grade iron ore lumps are at USD 70/MT Main port, & Fe 64 lumps at USD 76/MT Richard Bay, FoB South Africa.
Top Unload Country in 2017 (till September)
| Country |
Quantity |
% Share |
| United States |
0.1 |
29.04 |
| Netherland |
0.05 |
15.13 |
| Italy |
0.04 |
10.41 |
| Taiwan |
0.02 |
5.69 |
| Japan |
0.02 |
5.27 |
| Germany |
0.02 |
5 |
| Turkey |
0.02 |
4.84 |
| South Korea |
0.02 |
4.17 |
| Spain |
0.01 |
3.62 |
| Australia |
0.01 |
2.6 |
| Bangladesh |
0.01 |
2.46 |
| Others |
0.04 |
11.76 |
| Grand Total |
0.36 |
100 |
Quantity in MnT
Sources: SteelMint Stats
Leave a Reply