India iron ore exports back to 5-year record at 1.2Mt/Week!

Despite steel output rising +9%/year in the last 2 years, India confirmed its return on the iron ore exports markets one year ago and ramped the exports pace to a 5-year high level in Dec’23.

India Iron Ore Exports

With China struggling to restock for 6 months, iron ore prices rising to 135$/t this week, and anticipations of the seasonal weather issues hampering exports from Australia & Brazil, prospects for Indian exports by Supramax & Panamax in the coming months look promising!

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