Iron ore export from India has fallen consecutively for the 4th month in FY15, owing to shortfall in availability of raw material and unviable export prices in global market.
|
Month |
Vizag |
Paradip |
Panji |
Haldia |
Mormugao |
Dhamra |
Total Qty |
|
Apr’14 |
302 |
423 |
– |
174 |
– |
55 |
955 |
|
May’14 |
313 |
99 |
194 |
16 |
53 |
– |
675 |
|
Jun’14 |
148 |
28 |
– |
15 |
136 |
– |
327 |
|
Jul’14 |
222 |
– |
– |
– |
– |
– |
222 |
|
Total |
986 |
550 |
194 |
205 |
189 |
55 |
2,179 |
Qty in ‘000 MT
Source: SteelMint Research, Port Sites
Iron ore export from India decreased by 32% (M-o-M) from 326,500 MT in June to 222,000 MT in July. MMTC was the only Iron ore exporter in the month of July, 2014 and exported 222,000 MT Iron ore to South Korea & Japan. All shipments took place from Vizag port.
In FY15 (till July), India has exported 2.2 MnT of Iron ore i.e. fall of 51.5% in comparison with same period in FY14. In first 4 months of 2014, major export shipments were done by MMTC (880,150 MT) followed by Rungta Mines (390,270 MT).
Indian Iron ore export market is highly dependent on Chinese steel market, which signaled increase in production last month. Average Iron ore prices in July for Fe 62% stood at USD 95.4/MT CNF China, up by USD 2/MT (M-o-M).
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