Slumping global demand plus restrictions imposed by the Odisha government on the mining and transport of iron ore have resulted in more than 3mt (million tonnes) of iron ore having been accumulated at Paradip Port in India awaiting an end customer. In April–June this year, total iron ore exports at the port amounted to 300,000 tonnes, compared with 2.6mt in the corresponding period last year. Nevertheless, the trade in iron ore pellets is showing an upward trend.
BC