India’s iron ore production (excluding pellets) dropped by around 17.02% y-o-y in FY21 to 203.79 million tonnes (mn t) against 245.59 mn t seen in FY20. However, iron ore exports increased by 84.2% in FY21, against 25.19 mn t in FY20. During the same period, iron ore imports fell by 68.6% to 0.38 mn t in FY21, compared to 1.21 mn t in FY20. Domestic consumption of iron ore fell by 5.13%, from 195 mn t in FY20 to 185 mn t in FY21.
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