India’s Iron Ore Exports Fall for Seventh Consecutive Month
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Iron ore shipments from India, the world’s third largest exporter, fell for a seventh consecutive month in January due to a ban on overseas sales from the southern state of Karnataka and higher taxes on shipments.
Exports dropped 24.4 percent to 10.7 million metric tons, the Federation of Indian Mineral Industries said in an e-mailed statement today. Exports in the April-to-November period fell 18.1 percent to 75.1 million tons.