Indian iron ore and pellet export volumes are expected to drop in the current financial year. India exported over 15 million tonnes (mnt) of iron ore fines and lumps and over 11 mnt of pellets and concentrates in financial year 2021-22 (FY22). However, SteelMint estimates that iron ore and pellets exports will drop to around 10 mnt in FY23, from a combined 26 mnt seen in FY22 – which would be a sharp 16 mnt shave-off.
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