Iron ore exports dip 22 per cent

  • 08/09/2011

  • Tribune (New Delhi)

Exports of iron ore declined by about 22 per cent to 25.2 million tonnes in April-July due to the ban on its shipments from Karnataka, industry body FIMI today said. Releasing the provisional data of exports, the Federation of Indian Mineral Industries (FIMI) said the country had exported 32.3 million tonnes of iron ore during April-July last year. Exports in July fell by about 23 per cent to 3.6 million tonne, the second highest decline in a month this fiscal after 29 per cent decrease in April. Exports in April stood at 8.1 MT as compared to 11.4 MT in the year-ago period. Shipments dipped from almost all major ports in the southern region due to subdued supply from Karnataka, which accounts for about one-fourth of total iron ore export from the country.— PTI