Bahrain pellet exports decline despite expanded geography

Published on Monday, 22 July , 2019 121 Views

Business

#Bahrain

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.

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More countries sourced from Bahrain than in 2018, with Egypt, Libya, Tonga and even Brazil taking in 169,912 tonnes, 102,006t, 66,864t and 54,416t respectively versus zero a year earlier.

But Omani intake slumped -65% to 139,074t. United Arab Emirates, moreover, took in zero versus over 220,000t a year earlier.

The main source of Bahrain’s non-agglomerated iron ore feedstock for pellet making in June was Brazil, which supplied 807,713t, up 145% on-year.

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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Keywords: Bahrain
Category Business | 2019/07/22 latest update at 3:40 PM
Source : Internet | Photocredit : Google

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