At present state of affairs, Indian exporters are facing difficulty for exporting material on the grounds of falling global Iron ore prices and high duty of 30% on raw material export.
SteelMint has assessed that Iron ore export from India is likely to witness a sharp fall of 70% Y-o-Y i.e. about 5 MnT in FY15.
| Financial Year | Q1 | Q2 | Q3 | Q4 | Total |
| FY14 | 3 | 4.9 | 3.1 | 3.5 | 14.5 |
| FY15 (Apr-Feb’15) | 1.9 | 0.9 | 0.7 | 0.7 | 4.2 |
Quantity in MnT
Source: SteelMinT Stats, Customs
MMTC is expected to be the largest Iron ore exporter in this fiscal and will majorly export the material to nations like Japan and South Korea under long-term agreement.
Iron Ore Export from India in FY15
| Company | Q1 | Q2 | Q3 | Q4 (Apr-Feb’15) | Total |
| MMTC (NMDC) | 658,150 | 584,000 | 432,000 | 430,300 | 2,104,450 |
| Rungta Mines | 390,270 | – | – | – | 390,270 |
| Bagadiya Brothers | 179,180 | 95,735 | 44,000 | 19,900 | 338,815 |
| Samruddha | – | – | 50,000 | 215,000 | 265,000 |
| Royal Lines | 224,000 | – | – | – | 224,000 |
| Others | 504,592 | 185,000 | 202,000 | 61,500 | 953,092 |
| Total | 1,956,192 | 864,735 | 728,000 | 726,700 | 4,275,627 |
Quantity in MT; Provisional data
Source: SteelMinT Stats, Customs
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