KOLKATA (miningweekly.com) – Indian iron-ore production during the current financial year is expected to have grown over the previous year, and imports too are showing tentative signs of a rise.
According to preliminary government data, total iron-ore production is expected to be 210-million tons at the end of March, growth of 9% over the previous financial year, despite disruption in Odisha and the closing down of Goa iron-ore mines from March 15.
While definitive government data on iron-ore imports for the current year is not readily available yet, industry estimates that, since January, an estimated five-million tons have been imported, with international miners like Australia’s Fortescue stepping up shipments.
The inward shipment of five-million tons of iron-ore since January is already close to the total 5.1-million tons imported in the 2015/16 full year. In 2014/15, India imported 15-million tons.
Imports since January are an indication that the falling trend of the past few years may be reversed in the next financial year.
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