Iron ore shipment up 169% at 12 major ports in Apr-Jan
The Dollar Business Bureau The shipments of iron ore handled by India’s 12 major ports increased 169% to 38.61 million tonnes in the period April-January of the current financial year. The state-owned ports had managed 14.37 million tonnes of the key raw material used in steel-making in the same period of the previous fiscal. In its latest report, the Indian Ports Association (IPA), which keeps data of cargo handled by the major 12 ports, said that “percentage variation from previous year” in handling iron ore was as high as 168.59% in the initial ten-month period of this financial year. Mining major, Vedanta, had said recently that the worst phase of the local iron ore industry is now over and showed confidence that the company’s Goa subsidiary is prepared to withstand the export momentum ...
Thermal coal imports up 13% at major Indian ports
The Dollar Business Bureau Imports of coking coal decreased by 3% to 28.3 million MT during the 11-month period of 2015-16 as compared to the corresponding period of 2014-15, the Indian Ports Association (IPA) data showed. Of late, the government has asked India’s major steel manufacturers to convert domestic medium-quality coal into premium coking coal to help reduce the country’s annual import bill of over $4 billion. India imports coking coal mostly from Australia and South Africa India’s major ports handled 89.5 million metric tonnes (MT) of imported thermal coal during April 2015 - February 2016, an increase of 13% over the same period during 2014-15, a recent data released by the Indian Ports Association (IPA) said. However, imports of coking ...
