Indian iron ore exports up 32% amid Chinese demand

Indian iron ore exports have recorded sharp increase in Nov '19. The exports witnessed at 2.29 MnT, up 32% M-o-M as against Oct’19 exports at 1.74 MnT. On yearly basis, the exports have depicted a significant rise as compared to Nov’18 exports at 0.83 MnT.
Indian iron ore exports volume in FY20 (Apr-Nov'19) witnessed at 14.7 MnT as against 3.83 MnT in FY19 (Apr-Nov). What factors contributed to rise in Indian iron ore exports in Nov’19? 1. Global supply tightness Global shortage of iron ore continues to prevail for the month. Vale on 11th Nov reduced iron ore and pellet sales guidance


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