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Indian iron ore exports up 53% in Oct’19

Indian iron ore exports have recorded sharp increase in Oct’19. The exports were witnessed at 1.74 MnT, up 53% M-o-M as against Sep’19 exports at 1.14 MnT. On yearly basis, the exports have depicted a significant rise as compared to Oct’18 at 0.42 MnT.
Indian iron ore exports volume in FY20 (Apr-Oct'19) witnessed at 12.41 MnT as against 3 MnT in FY19 (Apr-Oct). Reason behind the significant iron ore exports hike in Oct’19: 1. Global supply tightness Indian iron ore exports picked up amid reduced guidance at world’s largest iron ore mine. Vale reduced iron ore and pellet sales guidance for the year

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