Australia’s iron ore (including pellets) export shipments rose by 5.4% in September 2022 at 74.79 million tonnes (mnt) compared to 70.98 mnt in August, according to the vessel line-up data maintained with SteelMint.
Australia’s exports increased in September due to an increase in shipments to China due to a perceptible rebound in demand, while exports to other nations fell slightly, as per SeelMint data.
Restocking before the mid-autumn festival holidays together with the release of positive steel data provided a fillip to seaborne trade. The data, it deserves mention, had a positive impact on the iron ore market and indicated an increase in steel demand.
Exports to China up 8%
- Australia’s iron ore export shipments to the largest importer, China, recorded a rise of 8% m-o-m at 63.36 mnt in September as against the previous month’s 58.82 mnt. Notably, crude steel output of mills under the CISA umbrella in mid-September witnessed a minor surge. Also, the average daily finished steel output was pegged at 2.09 mnt, up 3.51% m-o-m and 8.76% y-o-y.
- Japan was the second-largest importer from Ausralia in September. Australia supplied 4.99 mnt of iron ore to Japan, while 3.5 mnt was shipped to South Korea.
Shipper-wise performance
BHP’s iron ore shipments were the highest at 24.02 mnt in September, rising 4% in September on the month, followed by Rio Tinto and FMG at 22.08 mnt (down 15% m-o-m) and 11.31 mnt (down 25% m-o-m), respectively. Rio Tinto’s iron ore shipments were higher than BHP in September.
Port Hedland exports down
Port Hedland exported 45.73 mnt of iron ore, up 4% m-o-m compared to 43.78 mnt in August. Exports from Port Walcott were at 13.76 mnt (up 15% m-o-m), followed by Port Dampier at 12.13 mnt (down 13% m-o-m).
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