An industry official said on June 27 that India is expected to export 90-95 million mt of iron ore in the current fiscal year to March 2012 as the country's domestic demand rises, Reuters has reported. This is about the same level as in the previous year.
India, which is the world's third iron ore supplier after Australia and Brazil, normally exports around half of its annual output of about 200 million mt, with the most part of it being exported to top consumer China.
Meanwhile, India's iron ore exports had dropped in recent months due to a ban on shipments from the state of Karnataka in southwestern India. The Karnataka ban was lifted in April and it is expected some exports from the state will resume by the end of June.