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India Hits Record Iron Ore Imports of 6.76 Million Tons
Dec. 05, 2014 03:14PM PST
Base Metals Investing India’s iron ore imports registered at 6.76 million tons through the first seven months of the fiscal year as prices dropped.
India’s iron ore imports registered at 6.76 million tons through the first seven months of the fiscal year as prices dropped.
According to Reuters:
Formerly the world’s No. 3 supplier of iron ore, India has been importing over the last two years due to court-imposed restrictions aimed at curbing illegal mining in the key producing states of Karnataka and Goa.
The shortage deepened this year as some mines in Odisha and Jharkhand were ordered closed after the expiry of licences.
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