Indian iron ore exports at 6.81 million mt for FY2019

Friday, 05 April 2019 23:58:18 (GMT+3)   |   San Diego

According to preliminary custom information, India exported 6.81 million mt of iron ore in FY 2019 that ended on March 31, 2019. India exported 5.21 million mt (77 percent) to China followed by 1.07 million mt (16 percent) to Japan, 0.23 million mt (3 percent) to South Korea, 0.10 million mt (1 percent) to Malaysia, 0.09 million mt (1 percent) to Philippines, and 0.12 million mt (2 percent) to other destinations.

The largest shipper was Rungta Mines with 1.85 million mt (27 percent), followed by 1.10 million mt (16 percent) by MMTC, 0.89 million mt (13 percent) by SM Niryat, 0.83 million mt (12 percent) by VM Salgaonkar, 0.77 million mt (11 percent) by Vedanta, and 1.37 million mt (20 percent) by other smaller shippers.

In terms of the port of export, 2.42 million mt (36 percent) of iron ore was exported via Paradip port followed by Mormugao with 2.19 million mt (32 percent), Vizag with 1.10 million mt (16 percent), and 1.09 million mt (16 percent) via other ports.

According to media sources, as detailed data from the previous year was not available to SteelOrbis at time of publication, Indian iron ore exports are down 57 percent year-on-year for the fiscal period with a 58 percent decline in exports to China.

Most Recent Related Articles

Ex-India pellet exports under pressure as Chinese mills begin to shift to cheaper fines

Indian steel ministry proposes iron ore royalty cut to boost value addition

Indian pellet export prices surge supported by firm demand, outlook positive

Higher local demand pushes Indian steel exports down by 24.5% in Aug

FIMI continues to seek ban on iron ore pellet exports from India