Indian Iron Ore Exports Rise Marginally 9% in CY'17
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Indian iron ore export increased by 9% in CY'17 to 19.88 MnT against 18.18 MnT last year CY'16. Iron ore exports from Odisha increased sharply this fiscal amid improved demand for high-grade material in China. Iron ore exports from East India based ports (Dhamra, Paradip, and Haldia) were recorded at 4.54 MnT in CY17 against 3.02 MnT in CY16.
Low-grade iron ore exports from Mormugao ports remained majorly stable on yearly premises at 10.95 MnT in CY17.
On monthly basis, exports have increased sharply by 98% to 1.5 MnT in Dec'17 against 0.76 MnT in Nov'17 on a significant increase in exports from Goa.However, exports have decreased significantly by 50% Y-o-Y in Dec'17 against 2.96 MnT in Dec'16.
During first nine months (Apr-Dec) of FY'18 India exported 9.78 MnT iron ore declined by 31% against 14.2 MnT in the same period last year.
Vedanta remains the largest iron ore exporter in CY'17 - Vedanta remains the largest iron ore exporter at 4.88 MnT in CY'17 against 6.56 MnT in CY'16. Other major exporters were Fomento Resources at 3.44 MnT in CY'17 against 2.36 MnT in CY'16.
Rungta Mines increased its iron ore exports nearly two-fold from 1.28 MnT in CY16 to 2.26 MnT in CY17, making it 3rd largest exporter. Other major exporters were NMDC (2.06 MnT) and VM Salgaonkar (1.65 MnT).
On monthly basis, Vedanta increased iron ore export volumes by more than four times in Dec'17 and stood at 0.51 MnT followed by VM Salgaonkar 0.22 MnT.Other major exporters were Fomento Resources 0.17 MnT and Chowgule Company 0.15 MnT.
China continues to be the largest destination for Indian iron ore exports in CY'17 - China contributed for a share of 82% (16.23 MnT) of total iron ore exported from India in CY'17. Other major destinations were Japan (2.62 MnT) and South Korea (0.61 MnT).
Indian iron ore exports to China increased by 14% Y-o-Y in CY17.
Port-wise iron ore exports from India in CY'17 -:
On yearly basis in CY'17, Mormugao port accounted for the largest share in iron ore exports at 10.95 MnT in CY17 against 11.14 MnT followed by, Paradip 3.91 MnT, Vizag Port 2.85 MnT and Redi 1.16MnT.
Mormugao port accounted for largest share with 0.88 MnT in Dec'17 followed by Paradip (0.31MnT),Redi (0.17 MnT) and Vizag (0.14 MnT).
