Iron ore exports from India are recovering after monsoon season!

India’s weekly iron ore exports have surged to a new 5-year seasonal high, buoyed by post-monsoon recovery and iron ore prices holding above 100$/t.

A chart showing the evolution of India weekly iron ore exports from January to December, comparing data from 2022, 2023, and 2024, with each year represented by different colours from the IFCHOR GALBRAITHS colour palette. Additionally, a grey-shaded area represents the 5-year range of variation.

Despite recent averages of just 0.85 Mt/wk, shipments could potentially double by year-end, contingent on prices. Brazil and other exporters may also adjust prices to maintain market share.

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