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Indian iron ore exports slump in first 10 months of current FY

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Publish time: 5th March, 2013      Source: ChinaCCM
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According to statistics released by the Indian Federation of Indian Mineral Industries (FIMI), the country's iron ore exports reached 16.40 million tons in the first 10 months of the current fiscal year 2012/13, slumping by 68% year on year.

It's analyzed that the drop in Indian iron ore exports were caused by the government's ban on mining activity.

It's estimated that India's iron ore exports would fall to 17 million tons in the fiscal year 2012/13, touching the lowest level over the past 15 years.