Sweden, third-largest iron ore exporter in Europe after Russia and Ukraine, recorded marginal decline in quarterly exports in quarter ending Mar’18. The exports witnessed at 5.88 MnT in Q1 CY’18, stood 4% down as against 6.11 MnT in Q4 CY’17. However, the Y-o-Y exports recorded marginal increase of 5% in first quarter CY’18 as compared to 5.62 MnT in first quarter CY’17.
In Mar’18, Sweden’s iron ore exports recorded at 2.06 MnT, up 17% as compared to Feb’18 exports at 1.76 MnT. On yearly basis, the exports witnessed rise of 24% in Mar18 as against Mar’17 exports at 1.66 MnT.
The non-agglomerated ore (Lumps and Fines) witnessed reduction of 28% Q-o-Q exports to 1.12 MnT in Q1 CY’18 as against 1.55 MnT in Q4 CY’17. The Y-o-Y exports witnessed an increase of 15% in Q1 CY’18 as against 0.97 MnT in Q1 CY’17.
Agglomerated ore (pellets and concentrates) recorded a slight increase of 4% to 4.76 MnT for first quarter CY’18 as compared to 4.56 MnT in previous quarter. The Y-o-Y exports witnessed stability in Q1 CY’18 as compared to Q1 CY’17 exports at 4.65 MnT.
Germany Continues to be largest Importer in Q1 CY18
Germany continued to be the largest importer of iron ore from Sweden in Q1 CY’18 at 1.85 MnT, contributing 31% shares of total Sweden iron ore exports. Saudi Arabia recorded second largest importer at 0.68 MnT (down 3%), followed by United Kingdom at 0.54 MnT (down 13%) and Netherland at 0.5 MnT (down 29%). Qatar marked significant increase in quarterly imports at 0.33 MnT, up more than twice as against 0.16 MnT in Q4 CY17.
Belgium and Egypt recorded sharp decline in imports for Q1 CY’18 at 0.2 MnT (down 47% Q-o-Q) and 0.17 MnT (down 50% Q-o-Q) respectively.
In Mar’18, Germany stood largest importer and recorded 67% increase to 0.82 MnT as compared to 0.49 MnT in Feb’18. Turkey marked second largest importer at 0.25 MnT (up 56% M-o-M) followed by Saudi Arabia t 0.17 MnT (stable on monthly basis).
Country-wise Sweden iron ore exports: Q1 CY18 v/s Q4 CY17
| Country | Q1 CY’18 | Q4 CY’17 | Q-o-Q (%) | Mar’18 | Feb’18 | M-o-M (%) |
| Germany | 1.85 | 1.91 | -3% | 0.82 | 0.49 | 67% |
| Saudi Arabia | 0.68 | 0.7 | -3% | 0.17 | 0.17 | 0% |
| United Kingdom | 0.54 | 0.62 | -13% | 0.3 | 0.01 | 2900% |
| Netherland | 0.5 | 0.7 | -29% | 0 | 0.34 | -100% |
| Turkey | 0.48 | 0.4 | 20% | 0.25 | 0.16 | 56% |
| Finland | 0.48 | 0.41 | 17% | 0.15 | 0.15 | 0% |
| Qatar | 0.33 | 0.16 | 106% | 0.16 | 0.16 | 0% |
| Belgium | 0.2 | 0.38 | -47% | 0.1 | 0 | 100% |
| United States | 0.2 | 0.25 | -20% | 0.1 | 0 | 100% |
| Egypt | 0.17 | 0.34 | -50% | 0 | 0.17 | -100% |
| Others | 0.45 | 0.23 | 96% | 0.01 | 0.1 | -90% |
| Grand Total | 5.88 | 6.11 | -4% | 2.06 | 1.76 | 17% |
Qty in MnT
Source -: SteelMint Research
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