Iron ore exports surged 17% to 12.6 million tonnes in February 2009 from 10.8 million tonnes in the same month a year ago, backed by a moderate revival in demand from Chinese steel producers.
Consulting firm Ernst & Young partner Naveen Vohra, stated:
The October-November period was bad for domestic iron ore companies as they were not finding buyers overseas. With a marginal revival in demand, purchases started picking up from December and are reflecting strongly in the January export figures.
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