Indian iron ore exports (excluding pellets) are projected to drop slightly, by less than 5% y-o-y, to around 35 million tonnes in financial year 2024-25 (FY’25), as per BigMint’s estimates, after hitting a three-year high of around 37 mnt in FY’24. It may be mentioned that last fiscal’s volumes had surged 145% y-o-y compared to a far lower 15 mnt in FY’23.
