India's Iron Ore Imports Plunge 99.4% In October This Year

Indian Ministry of Industry and Commerce released preliminary data showing that in October 2019, due to weak domestic steel demand and a surge in iron ore import prices, India ’s iron ore imports fell by 99.4% to 6,300 tons, compared with the same period last year. The import volume was 11.261 million tons.

In October, India's iron ore imports were US $ 980,000, a 99% drop from US $ 98.48 million in the same period last year. Based on this, its average import price was estimated to be US $ 155.6 / ton, which was an increase from US $ 87.5 / ton in the same period last year. 77.9%.

In the month, India imported 6,290 tons of non-sintered iron ore, a year-on-year decrease of 99.3%; the import value was US $ 970,000, a 98.7% year-on-year decrease; based on this, its average import price was estimated to be US $ 154.2 / ton, a 101% year-on-year increase. Imported 10 tons of sintered iron ore, a year-on-year decrease of 100%; the import value was US $ 10,000, a 100% year-on-year decrease; based on this, the average import price was estimated to be US $ 1,000 / ton, a year-on-year increase of 555.2%.

From January to October, India imported 1.972 million tons of iron ore, a year-on-year decrease of 85.1%; the import value was US $ 176 million, a year-on-year decrease of 78.9%; based on this, its average import price was estimated at US $ 89.4 / ton, an increase of 41.5% year-on-year.


Posted by stainless steel tubing supplier and stainless steel pipe supplier KAYSUNS.

No Comments Yet.

If you have any requirement or comments, please do not hesitate to contact us or submit the table bellowing.