Orissa Stops Issuing Iron Ore Export Permits

Reuters reported India’s Orissa states has stopped issuing iron ore export permits from two of its ports.

As quoted in the market news:

The move may have little impact on iron ore shipments from India, the world’s third-biggest iron ore exporter after Australia and Brazil.

The two ports — Gangavaram and Kakinada — accounted for less than 6 percent of the iron ore shipped out in the first seven months of the current fiscal year to next March.

Click here to read the full Reuters report.