South African steelmaking minerals export income was down 9.7% on-year to ZAR 39.2 billion ($2.42 billion) in the first quarter on a free on rail (for) basis. The country's export volumes declined 2.8% on-year to 19.85 million tonnes. The drop is due mainly to the decline in iron ore production due to seasonal rainfall and lower average iron ore prices, Kallanish notes.
In January-March 2021, iron ore exports alone were recorded at 15.07mt, whic…
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