India: Iron ore export shipments down 2% m-o-m in Jul’21

India’s iron ore export shipments witnessed declined by 2% to 2.05 mn t in Jul’21 as against 2.09 mn t in Jun, as per SteelMint data. Limited Chinese buying of low-grade iron ore kept Indian exports low.

• Rungta Mines remained the largest exporter at 0.7 mn t followed by PTCL Infrastructure and Seven Hills at 0.13 and 0.11 mn t, respectively.
• China continued to remain the sole importer at 2.05 mn t in Jul’21 against 2.09 mn t in the preceding month.