According to provisional data collected by SteelMint, Iron Ore exports stood at around 1 MnT in the month of November 2013. Data has been compiled by tracking 8 major ports across India.
Export of Iron ore in the month of October 2013 was significantly down at around 700,000- 800,000 MT owing to ‘Philain’ cyclone that hit Indian east coast in the month of October.
SteelMint assessed highest exports were done by Rungta mines (219,300 MT) followed by MMTC by 144,200 MT
Iron ore exports from India have fallen consistently after government’s measure to control illegal mining in the country.
Trade Wise
1. Fe 63% Iron Fines asked for INR 4550-4600/MT delivered Vizag port
2. Fe 58 % Iron Fines offered at around INR 3,900/MT delivered Vizag port
3. Fe 55% Iron Fines trade at INR 3,200-3,250/MT delivered Vizag port
4. Mill Scale asked for INR 6,200/MT delivered Vizag port
5. Mill Scale asked for INR 5,900/MT delivered Kandla port
6. Indian 63% Fe fines at around US$ 137-138/MT CFR China
7. Indian Mill scale at around US$ 134/MT CFR China
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