At 40.4 mt, 92% of Indian iron ore exports went to China in …
Nearly 92% of Indian iron ore exports, or 40.40 million tonne (mt), for the 11month period (AprilFebruary) of FY24, had gone to China. In percentage terms, this is the highest ever shipment over a seven yearperiod (between FY18 and FY24) and second highest in volume, after 11M FY21 when exports to China stood at 47.73 mt.
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How to Successfully Export Iron Ore from India 2024-25?
Based on Iron ore export data 2023-24, the tentative projection for Indian iron ore exports in the fiscal year 2023-24 is 47.8 million mt, a three-year peak and up 130 percent year on year.. Ninety percent of exports went to China, with Indonesia coming in second with 0.91 million metric tonnes of iron ore exported. In February and March of this year, respectively, exports …
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Indian iron ore and pellet exports to fall to nil after
India's iron ore pellet exports are expected to fall to zero following the imposition of a new export tax of 45 percent and being completely outpriced in major markets in China, SteelOrbis has learned from pellet producers across India.Also, exports of iron ore fines and lumps will stop as the export duty for all categories of iron ore has been imposed at 50 …
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India's Iron Ore Exports Surge in H1 2024: Trends
India's iron ore export market is experiencing significant growth in 2024. From January to June, Indian mining companies increased iron ore exports by 20% year-on-year, reaching 20.26 million tons.
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India considers export tax on low-grade iron ore, sources say
India primarily exports low-grade iron ore. Indian iron ore exports touched 32.2-million metric tons during the first nine months of the current fiscal year that began in April 2023 - worth $2.7 ...
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India's iron ore, pellets exports rise m-o-m in July; Aug …
India's iron ore and pellet exports rose 17% to 3.12 million tonnes (mnt) in July 2023 from 2.66 (mnt) in June 2023. Pellets witnessed a more significant hike, SteelMint data shows.
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How the steel industry will benefit from beneficiation of sub …
A move to maximise the use of low-grade iron ore give steel producers a better cost advantage. India's imports of iron ore hit a five-year high of 5.31 million tonnes in FY24.
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India Iron Ore Market (2024-2030) | Trends, Outlook
India is one of the major producers and exporters of iron ore in the world, with large reserves available in Karnataka, Jharkhand, Chhattisgarh, Telangana and Goa States. The country has …
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7th Indian IRON ORE & PELLET
Global Iron Ore Market Dynamics Trends and Challenges in Bulk Vessel Freight Markets Quantity in mnt l % change in year-on-year (y-o-y) l Source: BigMint India iron ore production 280 l +9.38% India pellet production 93.82 l +11.76% India iron ore exports 37 l +146.67% India pellet exports 11.32 l +79.11% India iron ore imports 5.3 l +130.43%
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Iron Ore Exports from India
According to Volza's India Export data, India exported 5,954 shipments of Iron Ore from Mar 2023 to Feb 2024 (TTM). These exports were made by 146 Indian Exporters to 704 Buyers, …
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India's October iron ore exports 'nearly zero'
India in May raised the export tax on low-grade iron ore lumps and fines - with iron content below 58% - to 50% from zero, and hiked the duties on pellets to 45% from zero, as part of efforts to meet rising local demand. ... India's iron ore exports during the first five months of the current fiscal year that began in April totalled 6.97 ...
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Iron Ore Export Import Statistics & Facts
Find all statistics and data on Iron Ore Import and Export in India. Also updates on iron ore prices, news and market trends.
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CCI Report On Iron Ore: Types, Distribution, Uses, Mines in India
Iron Ore Sector in India. The Backbone of Industrial Development in India: Iron ore is the basic mineral and the backbone of industrial development. The total reserves of iron ore in the country were about 22,487 million tonnes in the year 2015.; Primary Ore Varieties in India: The two main types of ore found in our country are haematite and magnetite. ...
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The Growth of Iron Ore Exports from India: A 2024 …
As per iron ore export data, Indian iron ore exports totalled 47.8 million metric tons in FY24. Iron ore exports from India are 90% purchased by China, with Indonesia grabbing the runner-up spot. February and March of …
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India's beneficiation of low-grade iron ore could result in …
It could mean a higher acceptance among buyers of Indian iron ore in the seaborne market, especially if they are substantially superior to what was being exported in the past, they said.. India is looking to mandate that at least 80% of iron ore below 58% Fe produced by a mine leaseholder should be beneficiated to at least 62% Fe, according to a consultation …
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India's January iron ore exports hit three-year high
India achieved a remarkable milestone in January by exporting its highest volume of iron ore in nearly three years, Kallanish notes. The country's iron ore exports, in the form of fines and lumps, surged to 4.86 million tonnes – a level not seen since March 2021, when export volumes reached 5.87mt, according to customs data.
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India's iron ore and pellet exports rise to a 3-year high in …
Iron ore exports to stay strong as Chinese mill margins remain tight. India's exports of iron ore and pellets rose sharply to a 3-year high of over 44 million tonnes (mnt), as per latest data available with SteelMint. The government's move to rescind a 50% export duty on all grades of iron ore and 45% on pellets in November 2022 led
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The premier iron-ore exporting port that accounts for …
The port of Mormugao has contributed immensely to the growth of maritime trade in India ever since it was granted the status of a major port in 1963. It is India's leading iron ore export port, with an annual production of approximately 27.33 million tons of iron ore. Due to its strategic position on the West Coast, which facilitates exports to ...
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Iron Ore in India: From Reserves to Exports
India boasts substantial reserves of iron ore, making it one of the key players in the global market. The country's geological diversity contributes to the presence of iron ore deposits in various …
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India's top mining, steel groups warn of adverse impact from export …
The increase in export taxes on iron ore, announced by the Indian government over the weekend, will lead to large surpluses at home, and mainly hit producers of low grade ores that depend on ...
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Iron Ore X May 2024
Contents Global iron ore production expected to rise 2% y-o-y in CY'24 to over 2.5 bnt 1 Snapshot | Iron Ore Prices & Related Commodities 2 Snapshot | India's Iron Ore Statistics 3 Odisha Iron Ore Prices Market Update 4 NMDC CG Iron Ore Prices Market Update 5 Karnataka Iron Ore Prices Market Update 6 India Iron Ore Export Prices Market Update 7 India Iron Ore …
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Iron ore in India
Exports of iron ore from India increased by 116% in 2023 over 2022, with the highest share being exported to China. India's iron ore exports are expected to drop at a …
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India Iron Ore Market (2024-2030) | Trends, Outlook
India Iron Ore Market Synopsis . The India iron ore market is expected to witness a CAGR of around 7.6% during the forecast period 2020-2026. India is one of the major producers and exporters of iron ore in the world, with large reserves available in Karnataka, Jharkhand, Chhattisgarh, Telangana and Goa States.
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Iron Ore and Steel Sector in India
CCI discourages iron ore exports due to its non-renewable nature and importance to various industries. Prioritize export of higher value-added products like finished steel to promote self-reliant India. Upgrade iron ore …
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Indian Iron Ore Scenario : Low Grade Iron Ore …
depletion of high grade iron ore, it has become necessary to develop technology to effectively beneficiate low grade iron ore. Iron Ore Resource in India In India, the total resources of iron ore are estimates as 28.52 Billion Tonne and the distribution between hematite and magnetite have been estimated as 17.96 Billion Tonne
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Australia seeks to increase iron ore exports to India
Increasing the supply of iron ore to the Indian market would allow Australia to reduce its reliance on China, which accounted for 84.4% of Australia's iron ore exports in 2022 and 81.6% over the past decade. In addition, the PRC is looking for alternative sources of iron ore supplies, in particular through investments in Africa.
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India: Iron ore exports dip 20% in Nov'24; CY'24 volumes …
*Shipments fall to 1.53 mnt in Nov'24 *Chinese demand takes a beating as steel output drops *CY'24 export volumes may reach around 30 mnt. Morning Brief: India's exports of iron ore (excluding pellets) were recorded at 1.53 million tonnes (mnt) in November 2024 as against 1.97 mnt in October, as per BigMint assessment. India's iron ore exports are largely …
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CCI Report On Iron Ore: Types, Distribution, Uses, …
Iron Ore Production in India: India is self-sufficient in iron ore production, and contributes 7 percent of the global production and India is the fourth largest producer of iron ore in the world after Australia, Brazil, and China.
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India's October iron ore exports 'nearly zero'
India in May raised the export tax on low-grade iron ore lumps and fines - with iron content below 58% - to 50% from zero, and hiked the duties on pellets to 45% from zero, as part of efforts to ...
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India ends most temporary export duties
The duty on exports of iron ore lumps and fines with less than 58% Fe content has been reduced to zero, while that on iron ore with Fe content more than 58% has been reduced to 30% from 50% earlier. High export duties were …
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