- In the first four months of 2021, iron ore exports from India increased by 66% to 22.42 million tons.
- The spike in iron ore exports is becoming a problem for Indian steelmakers, as they are struggling to get this critical raw material.
- China imports about 70% of the world’s iron ore production.
- The price of iron ore with 62% iron content went up to $214.99 a ton cost and freight at the delivery port of Tianjin, China.
- Through April, China’s steel production totaled 375 million tons, up by 16% compared with the year-ago period.
For further details see:
China's Iron Ore Demand Poses Problem For Some Indian Steelmakers