Canadian Iron Ore Exports Decline

Iron Ore

Canada exported 2.4 Mt of iron ore in April (excl. cargoes to the US), down by 0.6 Mt year-on-year, as shipments to Europe (-0.4 to 1.2 Mt) and China (-0.2 to 0.2 Mt) declined, according to the Tex Report. Exports have now fallen on an annual basis for three consecutive months, leaving shipments in January-April down by 0.8 Mt on the same period in 2016 at 11.3 Mt.