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Talk about an own goal. India, the fourth-largest iron ore producer in the world, could become a net importer next year, Cogencis reported recently.
In the April-September period this year, India imported 900,000 tons of iron ore and exported 17.18 million tons partly, due to an oversupply in the domestic market. However, even in 2018, India imported 12.8 million tons of the ore and exported 16.19 million tons, according to the article - a net export of over 3 million tons.