Canadian Iron Ore Exports
Canada exported 2.5 Mt of iron ore in April (excl. cargoes to the US), down 11% year-on-year, according to the Tex Report. Significantly, shipments to China dropped to less than a third of their year-ago level at 0.3 Mt, however, exports to Japan and South Korea both increased. Iron ore exports for January-April were down 1% on the same period in 2014 at 10.1 Mt.