Indian iron ore exports in Apr’20 were recorded at 1.63 MnT, according to data maintained with SteelMint. The exports witnessed 50% drop on monthly basis as against 3.25 MnT in Mar’20.
On yearly basis, iron ore exports picked up 15% as compared to 1.42 MnT in Apr’19.
China stood the only importer of Indian iron ore for the month at 1.63 MnT, down 46% as compared to 3.03 MnT in Mar’20. Indian iron ore exports have dropped for the month amid falling Chinese demand. The pandemic COVID-19 resulted in falling imports by Chinese mills rendering decline in Indian exports of iron ore.
Rungta iron ore exports moved down 45% in Apr’20
Rungta mines stood the largest iron ore exporter in Apr’20 at 0.38 MnT, down 45% against 0.69 MnT a month ago. SM Niryat stood second-largest exporter for the month at 0.32 MnT, followed by Vedanta at 0.17 MnT, and Kashvi Power at 0.16 MnT.
| Company | Apr’20 | Mar’20 |
| Rungta Mines | 0.38 | 0.69 |
| SM Niryat | 0.32 | 0.56 |
| Vedanta | 0.17 | 0.35 |
| Kashvi Power & Steel | 0.16 | 0.27 |
| Essel Mining | 0.16 | 0.50 |
| JSPL | 0.13 | 0.09 |
| Others | 0.31 | 0.78 |
| Grand Total | 1.63 | 3.25 |
Qty in MnT, Provisional data,
Source: SteelMint Research, Customs
Port wise Indian iron ore exports
In Apr’20, Paradip port stood the largest exporter of Indian iron ore at 0.92 MnT, down 33% as compared to 1.38 MnT in Mar’20. Mormugao port stood second largest at 0.22 MnT, followed by Gopalpur at 0.17 MnT and Gangavaram at 0.14 MnT.
Outlook – It is expected that with miners actively clearing their stock, and resumed Chinese buying interest, Indian iron ore exports may increase in May’20.
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