Iron ore exports fall 68.27% in 10-month

n January 2013 alone, iron ore exports fell by a staggering over 85% to a negligible 0.79 mn tonnes

Iron ore exports nosedived 68.27% in the first 10-month of the current financial year due to excessive export duty and ban on its mining in several minesites in the states like Karnataka, Goa and Odisha.

Data compiled by the apex trade body the Federation of Indian Mineral Industries (FIMI) showed that overall shipment between April and January period of the current financial year stood at a mere 16.35 million tonnes compared to 51.52 million tonnes in the corresponding period last year.

In January 2013 alone, iron ore exports fell by a staggering over 85% to a negligible 0.79 million tonnes compared to 5.5 million tonnes in the same month of the previous year.