Bloomberg reported that India’s iron ore exports in January 2009 rose for the second straight month as China, the world’s largest consumer of the steel making raw material, increased purchases.
The Federation of Indian Mineral Industries said that shipments rose to 13.9 million tonnes from 11.5 million tonnes a year earlier.
However shipments in the 10 months ended January 2009 fell by 1.5% YoY.
Indian iron ore exports had surged by 38% to 13.6 million tonnes in December 2008 as compared 9.8 million tonnes in December 2007.
Source : Bloomberg