According to customs data maintained with SteelMint, Indian iron ore imports in June’18 witnessed at 0.92 MnT, lowest since Jan’18. It depicted a fall of 42% M-o-M as against 1.59 MnT in May’18.
JSW Steel imported 0.47 MnT in June’18 and turned out to be the largest importer contributing 51% share of total Indian iron ore import. Out of the total imports in June’18, JSW imported 0.36 MnT Super Special iron ore fines from Australia and remaining 0.11 MnT fines from South Africa.
South Africa turns out to be the highest iron ore exporter to India in Jun’18-
In June’18, South Africa stood the largest exporter at 0.45 MnT (up 48% M-o-M) followed by Australia at 0.36 MnT and Brazil at 0.11 MnT (down 35% on monthly basis).
| Unload Port | Origin Country | Type | Grade (Fe%) | Qty | Shipper | Import Price |
| Krishnapatnam | Australia | Fines | 57.05 | 168,970 | JSW Steel | 34.89 |
| Kandla | South Africa | Lumps | 65.52 | 30,000 | Swiss Singapore | 85.68 |
| Krishnapatnam | Australia | Fines | 56.71 | 189,621 | JSW Steel | 35.74 |
| Mormugao | South Africa | Lumps | 66.52 | 62,000 | Goa Sponge | 87.71 |
| Paradip | Brazil | N/A | N/A | 110,000 | Essar Steel | 99.12 |
| Kandla | South Africa | Lumps | 65.67 | 90,720 | JSW International | 86.44 |
| Jaigarh | South Africa | N/A | N/A | 110,000 | JSW Steel | N/A |
| Mundra | South Africa | Fines | N/A | 161,650 | Jindal SAW | 69.06 |
Qty in MT
N/A: Not Available
Prices in USD/MT, CNF India basis
Source: SteelMint
Provisional Data
Indian iron ore imports in the first quarter FY’19 recorded at 3.48 MnT, according to the customs data maintained with SteelMint. On yearly basis, imports have increased by four folds as against 0.73 MnT in Q1 FY’18. However, imports witnessed a decline of 22% Q-o-Q as against 4.49 MnT in Q4 FY’18.
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