South Korea’s April Iron Ore and Coal Imports
Coal, Iron Ore
South Korean iron ore imports rose by 0.1 Mt year-on-year to 5.8 Mt in April, as strong growth in shipments from Australia (+0.3 to 4.2 Mt) and the first imports of ore from Chile since November last year countered a decline in shipments from Brazil, according to the Tex Report. However, at 23.0 Mt, iron ore imports in January-April were still down by 0.6 Mt on the same period last year.
Meanwhile, the country’s coal imports rose by 0.7 Mt year-on-year to 11.6 Mt in April. Growth was driven by a 1.1 Mt annual increase in imports of steam coal and anthracite combined, to 9.1 Mt, while coking coal shipments declined by 0.4 Mt to a five-month low of 2.5 Mt. Imports of all coal types have seen annual growth of 5.6 Mt in the first four months of the year to 49.4 Mt.