India's iron ore exports drop 15% y-o-y in H1 FY25. Will market rebound after China holidays?

Source: BigMint Oct 11, 2024 08:30

Shipments fall to 12.68 mnt in Apr-Sep'24 from 14.8 mnt in year-ago period. Exports to China drop over 20% y-o-y in H1FY'25. Recovery in Chinese steel market sentiments in Oct'24 offers hope.

Morning Brief: India's iron ore exports, minus pellets, during the April-September 2024 (H1FY'25) period were approximately 12.68 million tonnes (mnt), as per data collated by BigMint. Iron ore exports declined nearly 15% y-o-y compared with 14.8 mnt in H1FY'24. Iron ore exports are predominantly to China, the world's leading steel manufacturing

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