The Hindu Business Line : Iron ore exports dip 22% in July-Oct

Kolkata, Nov. 11 Between July and October this year, iron ore exports through the country’s major ports dropped by more than 22 per cent vis-À-vis the same period last year.

During the period, the throughput was 20.394 million tonnes (mt) compared with 26.245 mt in the corresponding period of the previous year.

In October alone, the drop was 39.44 per cent at 4.968 mt (8.204 mt).

Interestingly, the picture was so different between April and June when the major ports handled a total of 24.664 mt compared with 21.442 mt in the same period last year, thus registering about 15 per cent growth.

Among the major iron ore export handling ports, the drop in throughput between July at and October was the sharpest in Chennai, more than 41 per cent at 2.298 mt (3.930 mt), followed by Haldia, 38 per cent at 2.109 mt ( 3.413 mt). Among other ports, Visakhapatnam recorded a 19.2 per cent drop at 4.885 mt (6.04 mt), Paradip 14 per cent at 3.403 mt (3.965 mt) and Mormugao 7.8 per cent at 3.926 mt (4.259 mt).

Between April and June this year, Haldia recorded 24.46 per cent growth at 2.6 mt (2.09 mt), Visakhapatnam 17.8 per cent at 5.208 mt (4.416 mt), Chennai 0.58 per cent at 2.413 mt (2.399 mt), Paradip 19.4 per cent at 3.496 mt (2.927 mt) and Mormugao 17.6 per cent at 8.174 mt (6.946 mt).

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