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Iron ore export estimates lowered after 25% dip

Saturday 19th Nov 2011 1354

New Delhi : With over 25% decline in iron ore exports during the April-October period, Federation of Indian Mineral Industries today further lowered the exports target to 60 million tonne for the current fiscal.

"Iron ore exports from the country fell 25.15% in the first seven months of the current fiscal to 35.38 million tonne. At this rate, our exports would not be more than 60 million tonne this fiscal," FIMI Secretary General RK Sharma told PTI here.

During the April-September period of the last fiscal, iron ore exports from India were 47.27 million tonne.

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