 "Iron ore exports to lose steam on weak price outlook")
After staging a sharp recovery in the financial year (FY) 2017, iron ore exports from the country may lose momentum in FY18 as iron ore trade has entered the bear territory.
Exports of iron ore rose four-fold in 2016-17 to 24 million tonnes (mt) compared to six mt in the year-ago financial year. Exports were largely helped by a spike in international prices that touched a peak of $95 a tonne.
Strong price sentiment was fuelled by demand pick up in China where iron ore inventory at ports reached a record 133 mt, the highest since 2004. The surge in exports had
