Canada iron ore exports jumped 4.4%

By  Paul Ploumis 03 Sep 2015  Last updated at  08:34:15 GMT

MONTREAL (Scrap Monster): The iron ore exports by Canada jumped higher by 4.4% during the month of June this year. Among provinces, Quebec topped with total exports of 2.110 Mt. The iron ore exports totaled 3.613 Mt during the month, 4.4% higher when matched with the exports of 3.461 Mt during the same month a year before.

The exports of iron ore concentrates from Quebec totaled 1.623 Mt during June this year, followed by Newfoundland with 821,088 tons. The iron ore concentrate exports totaled 2.444 Mt, 4.1% lower when compared with the exports of 2.549 Mt during June 2014. The cumulative iron ore concentrate exports by the provinces dropped sharply by 18.3% from 12 Mt during Jan-June ’14 to 9.808 Mt during January to June this year.

The pellet exports from Newfoundland totaled 681,506 tons. The prices averaged at $76.4 per ton. Quebec exported 487,044 tons of iron ore pellets at an average price of $99.8 per ton. The pellet exports during the month surged higher by 28.1% from 912,329 tons in June ’14 to 1.169 Mt in June this year. The cumulative pellet exports during the initial six-month period of the year rose 14% year-on-year from 6.824 Mt to 7.779 Mt.

The value of iron ore exports by Canada during June ’15 totaled $275.623 million, significantly lower by 19% when compared with the iron ore export value of $340.418 million during June last year. The export prices witnessed sharp year-on-year decline of 22.4% from $98.4 per ton in June 2014 to $76.3 per ton in June ’15. Also, cumulative iron ore exports by the country during the period from January to June this year totaled 17.587 Mt, 6.6% lesser when compared with the previous year.