Wednesday, 13 Jul 2011
According to Mr RK Sharma secretary general of the Federation of Indian Mineral Industries, India's iron ore exports are expected at 85 million tonnes to 90 million tonnes in 2011/12, 10.5% below an earlier forecast.
In late June, he had projected exports at 90-95 million tonnes for the year ending next March, saying this would be about the same as last year.
India the world's No 3 iron ore supplier after Australia and Brazil normally exports around half its production, mostly to China. Exports have been hit by a ban from Karnataka state.
(sourced from ET)
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