Indian iron ore exports fall by 13% - FIMI
BS reported that India’s iron ore exports down by 13.31% as economic recession affected global demand for the ore as demand for steel fell.
According to data collated by the Federation of Indian Minerals Industries, total exports plunged to 55.8 million tonne during April 1st to December 15th of the current fiscal compared to 64.38 million tonne during the corresponding period last year. Shipments, however, witnessed a marginal decline of 3.81% to 5 million tonne during the first fortnight of December from 5.2 million tonne seen during the same period last year.
Iron ore exports balance sheet
(In million tonne)
(Sourced from Business Standard)
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