Indian iron-ore production and imports to rise in current FY – by Ajoy K Das (MiningWeekly.com – March 26, 2018)

http://www.miningweekly.com/

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.

For the rest of this article: http://www.miningweekly.com/article/indian-iron-ore-production-and-imports-to-rise-in-current-fy-2018-03-26

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