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India's iron ore exports peaked in the last 3 years

In the fiscal year 2023-2024, India's iron ore exports have reached the peak of the last 3 years

India's iron ore exports peaked in the last 3 years

In the fiscal year 2023-2024, India's iron ore exports have reached the peak of the last 3 years with a growth of 145% compared to the previous year and reached 36.5 million tons. India's pellet export also increased by 80% annually and recorded 11.3 million tons.

According to Iran Steel, the outlook for low-grade iron ore exports in India is not favorable in the short term, as Chinese authorities are considering restrictions on steel production that, if implemented, will reduce China's appetite for Indian iron ore.
According to the data, iron ore stocks at Chinese ports reached 142 million tonnes in early April, up sharply from around 120 million tonnes in January, which is also not good news for India's export market.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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