Indian Iron ore Exports Surge in FY’20 on Increased Chinese buying

Indian iron ore exports in FY’20 increased by over three folds to 25.1 MnT as against 6.9 MnT in FY’19. The rise in exports can be attributed to increased Chinese buying, material availability crisis in global market and high prices. Low grade iron ore fines exports increased significantly in FY’20. Rungta Mines remained as top iron ore exporter in FY’20 at around 6 MnT.