South Korea, the third-largest iron ore importer after China and Japan, imported 6.11 MnT iron ore in Jul’17, according to the trade data released by South Korean Customs.
Iron ore imports have witnessed a fall of 4% M-O-M as it was 6.33MnT in Jun’17. Similarly the country’s iron ore imports grew by 6% Y-o-Y as it was 5.79 MnT in Jul’16.
During the first 7 months of 2017, the country imported 40.78 MnT iron ore, up by 2% Y-o-Y as it was 40.05 MnT in the same consecutive period last year.
The non-agglomerated iron ore (lumps and fines) import in Jul”17 was registered at 5.86 MnT, down 1% M-O-M. The agglomerated ore (pellets and concentrates) import was registered at 0.25 MnT, down 40% M-O-M.
Australia accounted for 71% share in South Korea iron ore imports – So far in CY17 (i.e Jul’17) South Korea imported 40.78 MnT iron ore. Australia was the largest exporter in the mentioned time frame and contributed for 71% share. Other major suppliers were- Brazil, South Africa, Canada and India.
Source Steel Mint powered by Keyvan Jafari Tehrani
