Iron ore exports dipped by over 28 per cent to reach 40
million tonnes (MT) in April-November this fiscal following ban on shipments of
the key steelmaking raw material from Karnataka and subdued output in Goa.
Iron ore exports from the country were over 55.5 million tonnes in the year-ago
period, according to the data released by industry association Federation
of Indian Mineral Industries (FIMI) on Friday.
“The decline in exports of iron ore is due to a number of reasons. The
Karnataka ban comes on the top. Also, several mines in Goa are closed and the Odisha
government has stopped giving export permits,” FIMI Secretary General
R K Sharma told PTI.
Iron ore shipments from Karnataka, a major exporter of the raw material from
the country, have been stopped since July, last year, following allegations of
widespread corruption.
Production of iron ore in around 45 mines is closed due to environmental
reasons, Sharma said, adding that in Odisha, an informal ban on exports is in
place.
Leave a Reply