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Thursday, October 13, 2011

India’s iron ore exports down 12.3 percent in H1 FY 2011-12

Thursday, 13 October 2011

According to the data issued by the Indian Ports Association, in the first half of the Indian fiscal year 2011-12 (started March 31) iron ore exports from India's main ports reached 31.59 million mt, down 12.3 percent year on year. This figure accounts for approximately 80 percent of India's total iron ore exports.

In the given period, iron ore exports decreased at most of India's ports on year-on-year basis, except for the Port of Visakhapatnam with iron ore exports of 9.72 million mt, up 9.7 percent year on year. In August alone, iron ore exports from the Port of Visakhapatnam increased by 27.8 percent year on year.

(sourced steelorbis)

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