Argentina exported 169,849 mt of iron ore fines in 2016, down 45.3% from 2015 when 310,355 mt of fines were exported, customs agency data showed Tuesday.
The average export price for the period was $44/mt FOB, while in 2015 it was $35/mt FOB.
Australia received 89,251 mt during 2016, while the US received 80,598 mt.
Argentina did not export pellets during 2016.
Argentina's sole iron ore miner is MCC Sierra Grande, owned by Metallurgical Corp. of China. The mine has an extraction capacity of about 2.8 million mt/year of iron ore, which is processed into 1.3 million mt/year of concentrate averaging 68.55% Fe.
