Bahraini exports of agglomerated iron ore declined -14% on-year in June to 532,272 tonnes, according to Information and eGovernment Authority data monitored by Kallanish. Their average value was $157/tonne versus $131/t in June 2018.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…
708 | the publication reaches you by | Bahrain NewsBut Omani intake slumped -65% to 139,074t. United Arab Emirates, moreover, took in zero versus over 220,000t a year earlier.
Canada and Norway also supplied 167,761t and 160,291t respectively versus zero a year earlier.
Bahrain also supplied 4,500t of direct reduced iron to Indonesia, while last year its sole market was Saudi Arabia with 61,986t.
Exports of billet, meanwhile, slumped -64% in June to 41,776t, with Saudi Arabia and UAE taking in 26,167t and 15,609t respectively.
This was down -32% in Saudi’s case but up from virtually zero for UAE. Indonesia, however, sourced zero versus over 78,000t in June 2018.
India increased ferrous scrap intake from Bahrain by 16% to 7,610t but Pakistan sourced -14% less at 4,178t.
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
