India’s exports of iron ore fines and lump hit a three-year high of 36.5 million tonnes (mnt) in FY’24 compared with around 15 mnt in FY’23 – an increase of about 145% y-o-y, as per latest data available with BigMint. Exports of iron ore pellets, likewise, increased nearly 80% y-o-y to 11.3 mnt in FY’24 as against 6.3 mnt in FY23, data show. Exports of iron ore of over Fe58% attract a levy of 30%, while there is no such restrictive clause on exports of pellets.
