According to the data maintained by SteelMint, Iran exported 1.54 MnT iron ore via bulk shipments in eighth month of current persian year (during 23 Oct-21 Nov’17). Thus export have come down by 13% M-o-M against 1.78 MnT in Oct’17.
China bulk iron ore imports from Iran fell in Nov’17 – China remains the largest importer of Iran iron ore for the month of Nov’17 with 92% share and imported 1.42 MnT in Nov’17 compared to 1.62 MnT in Oct’17. Other major importers of Iranian iron ore was Malaysia at 0.08 MnT followed by other countries at 0.04 MnT .
Iran country wise bulk iron ore Exports Nov’17 vs Oct’17
|
Country |
Nov’17 | Oct’17 |
M-o-M (%) |
| China | 1.42 | 1.62 | -12% |
| Malaysia | 0.08 | 0.12 | -33% |
| Russia | 0.00 | 0.04 | -100% |
| N/A | 0.04 | 0.00 | +100% |
| Grand Total | 1.54 | 1.78 | -13% |
Qty in MT
Source: SteelMint Stats, Keyvan Jafari Tehrani
Provisional Data
According to the United States Geological Survey, Iran has 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 2.5% share of seaborne iron ore market imported to China. Now this share has reduced to 1%. Reason behind fall in share is rise in iron ore export volumes from other countries.
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