According to the data maintained by SteelMint, Iran exported 1.60 MnT iron ore via bulk shipments in tenth month of current persian year (during 23 Dec-21 Jan’18). Thus, the exports have witnessed a rise of 20% M-o-M in Jan’18 as against 1.33 MnT in Dec’17.
China bulk iron ore imports from Iran increased in Jan’18 – China remains the largest importer of Iran iron ore for the month of Jan’18 with 97% share and imported 1.54 MnT iron ore in Jan’18 compared to 1.19 MnT in Dec’17. Other major importers of Iranian iron ore contributed 0.06 MnT of iron ore.
Iran country wise bulk iron ore Exports Jan’18 vs Dec’17
| Country | Jan’18 | Dec’17 | M-o-M (%) |
| China | 1.54 | 1.19 | 29% |
| Malaysia | – | 0.06 | -100% |
| N/A | 0.06 | 0.08 | -28% |
| Grand Total | 1.60 | 1.33 | 20% |
Qty in MnT
Source: SteelMint Stats, Keyvan Jafari Tehrani
Provisional Data
According to the United States Geological Survey, Iran holds 10th largest iron ore reserves. Share of iron ore exports from Iran to China have come down on yearly basis.
In 2013, Iran exported nearly 23.5 MnT iron ore occupying 2.3% share of iron ore market imported to China. The share has now reduced to 1% by the end of 2017. Reason behind fall in share’s is rise in iron ore export volumes from other countries. Iran generally exported 18-18.5 MnT iron ore to China in 2017, so in total Iran iron ore exports in CY17 is expected to be roughly around 21.5-22 MnT.
Besides, with an aim to reduce exports and encourage domestic consumption of iron ore, the export duty of 15% is expected to be imposed post the Lunar new year holidays, further inhibiting exports.
Leave a Reply