Iron ore shipments from ports up by 43% in FY20, 50 MT transported till Feb

Iron ore shipments from Indian ports in FY20 touched its peak in the last six years. At the end of February, the ports had carried 50 million tonnes of the key ingredient in steel making.

Iron ore has recorded a spurt of 43 per cent in volumes, registering the highest growth among all commodities. By contrast, fertilizer, liquid cargo and container cargo rose by 10.3 per cent, 2.5 per cent and 2.1 per cent respectively. Coal traffic at ports dipped by 8.3 per cent as demand subsided.

Since 2016-17 when ports handled 43 million tonnes (mt), iron ore cargo declined