Exports of iron ore dipped from almost all major ports in southern region due to subdued supply from Karnataka, which accounts for about one-fourth of total iron ore export from the country
New Delhi: Iron ore exports fell by nearly 20% to 97.6 million tonnes (MT) in the fiscal 2010-11 mainly due to the ban on shipments of the key steel making raw material from Karnataka, reports PTI quoting Federation of Indian Mineral Industries (FIMI).
The county had exported over 117 MT iron ore in 2009-10, miners' body FIMI said.
Exports of iron ore dipped from almost all major ports in southern region due to subdued supply from Karnataka, which accounts for about one-fourth of total iron ore export from the country.
However, exports improved from ports in Goa, Paradip and Gangavaram. The Goa port registered the highest exports among its peers at 54.4 million tonnes.
Karnataka has banned transportation of the mineral for exports purposes from the state since July last year.
Meanwhile, FIMI estimated that as a fallout of the duty hike on iron ore exports in the Budget, India's outbound iron ore shipment would come down by up to 35% further in current fiscal.
The government has hiked duty on iron ore, both lumps and fines, to 20% in order to discourage exports and encourage value addition within the country.
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