Russia, the world’s largest pig iron exporter has exported about 0.14 MnT pig iron during August 2017, the nation’s custom data showed.
The exports have registered a downfall of 54.83% M-o-M in Aug’17 against 0.31 MnT in July’17. During Aug’17, United States has imported approximately 28% (0.04 MnT) of Russian Pig Iron
Similar, fall is being reported in the first 8 months of CY17 as the country’s total exports was reported at 2.70 MnT during Jan-Aug’17 against same preceding CY16 at 3.39 MnT. In line, on yearly premises the exports slump in Aug’17 by 72% from 0.50 MnT in Aug’16.
Analyzing, yearly exports – in CY16 (Jan-Dec) the country’s pig iron exports stood at 5.14 MnT against at 5.34 MnT CY15
Unload Countries
In Aug’17 United States accounted the highest quantity of pig iron exports from Russia. In line Turkey, Taiwan, South Korea, Germany & Japan were the major buyers of Russian originated Pig Iron.
In CY17 (Jan-Aug) – United States, Turkey, Spain & Italy was the major buyer of Russian made pig iron which imported about 1.76 MnT, 0.23 MnT, 0.18 MnT & 0.11 MnT, respectively.
In context to export prices, global offers for steel grade pig Iron is assessed at USD 365-370/MT FOB India & USD 340-350/MT FOB Russia
Top Unload Country (Jan – Aug’17)
|
Country |
Quantity |
% Share |
|
United States |
1.76 |
65.18 |
|
Turkey |
0.23 |
8.59 |
|
Spain |
0.18 |
6.52 |
|
Italy |
0.11 |
4.23 |
|
Taiwan |
0.08 |
2.79 |
|
Belarus |
0.07 |
2.64 |
|
South Korea |
0.07 |
2.43 |
|
Poland |
0.06 |
2.37 |
|
Germany |
0.04 |
1.58 |
|
Mexico |
0.03 |
1.13 |
|
Japan |
0.02 |
0.89 |
|
Others |
0.04 |
1.66 |
|
Grand Total |
2.7 |
100 |
Source – SteelMint Stats.
Quantity in MnT
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