Canadian exports of iron ore in 2016, up 10% compared to the year 2015 to the level of 41.04 million tons. The main supply destinations are Japan, EU, China.
Ukrainian export of iron ore has lagged behind the canadian figures – it amounted to 39.2 million tons. Biggest buyers – China, Czech Republic, Poland. Average price of ore was 46.6 USD. USA for ton.
Turkey, in turn, has increased the import of iron ore in 2016 to the level of 10.4 million tons, which is 4% higher than in 2015. At the same time, low prices for iron ore helped to pay for a larger volume of ore was 12.8% less. The average price of a tonne of ore amounted to 69.8 us dollars. USA.
Such a high difference between the price of ore export from Ukraine and import in Turkey (freight is about 8-12 dollars.) suggests either lack of demand for this ore in the Turkish market or the high proportion of "offshore component" in the export of Ukrainian iron ore.