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Canadian Iron Ore Exports Slow in the 1h17

Iron Ore

Canada’s iron ore exports (excl. shipments to the US) fell by 0.2 Mt year-on-year in June to 3.2 Mt, according to the Tex Report. This contributed to a 1.5 Mt annual decline in 1h17 shipments to 17.9 Mt. Exports to both Europe (-0.9 Mt to 9.4 Mt) and China (-1.8 Mt to 2.2 Mt) fell in the 1h17, by contrast, there was strong growth in shipments to Japan (+0.8 Mt to 2.7 Mt).