According to Mining News Pro -Recent trade statistics released by Brazil Customs show that the country has exported total of 289.87 MnT of iron ore (including pellet) for the duration Jan-Sep`18, up 3% on yearly basis as compared to Jan-Sep`17 at 281.37 MnT.
World`s second largest exporter of iron ore - Brazil has recorded an increase of 6% in export volumes to 33.90 MnT in Sep`18 as compared to Sep`17 exports at 31.93 MnT, according to trade statistics released by Brazil customs. Amidst stricter regulations in China, buyers are prefers low alumina high- grade Brazilian iron ore (Carajas fines) resulting in increased exports from Brazil.
Average iron ore prices up 13% in Sep`18
The average price of iron ore exported from Brazil for Sep`18 witnessed at USD 52/MT, increase of 13% on monthly basis as against USD 46.1/MT in Aug`18. Demand for high grade iron ore in China is expected to sustain amid China`s steel capacity cuts and stringent environmental norms.
Vale stood the largest exporter for Jan-Sep`18
The country has recorded about 277.99 MnT of total exports from its major miners.
Vale, the world`s largest iron ore producer exported around 248.59 MnT iron ore for Jan-Sept`18, followed by CSN at 20.12 MnT, and Anglo at 3.19 MnT.
Iron Ore Exports by Major Shippers- Jan-Sep`18
| Major Shippers | CY`18 (Jan-Sept`18) | CY`17 |
| Vale | 248.59 | 327.04 |
| CSN | 20.12 | 26.97 |
| Anglo | 3.19 | 16.19 |
| Trafigura | 4.19 | 9.45 |
| Usiminas | 1.91 | - |
Quantity in MnT
Source: Inchcape Shipping Services, Brazil
Thyassenkrupp marked the largest Importer of iron ore during Jan-Aug`18
Thyassenkrupp stood the largest importer of Brazillian iron ore at 8.79 MnT. Arcelor Mittal stood second largest importer at 7.70 MnT followed by Nippon Steel at 6.32 MnT.
| Importers | Jan-Aug`18 |
| Thyassenkrupp | 8.79 |
| Arcelor Mittal | 7.70 |
| Nippon Steel | 6.32 |
| Vale | 6.28 |
| POSCO | 4.56 |
| Tata Steel | 3.95 |
| Philippine Sinter Corporation | 2.77 |
| JFE Steel Corp | 2.76 |
| Bahrain Steel BSCC | 2.66 |
| Hyundai | 2.20 |
Quantity in MnT
Source: Inchcape Shipping Services, Brazil
Brazillian Samarco, which was once world`s second largest pellet producer bearing pellet capacity of around 30 MnT per year, has been shut since 2015 owing to dam failure. Vale holds 50% stake in Samarco iron ore mines. According to Vale, the mine is expected to resume towards the end of 2018 or early 2019.
