Recently, foreign media reports, Rana,, Som, Chairman of India's largest iron ore producer, India's state-owned mining company (NMDC,) said that India will slowly withdraw from the world market for iron ore, iron ore exports to China may be stopped at least five years. In this regard, the Deputy Secretary-General of the China Steel Industry Association, the chief analyst Chi Jingdong, said India China's iron ore market in 5 years to exit more difficult.
"India as a developing country demand for the development of iron and steel industry, a large number of raw materials, India iron ore for domestic steel production behavior can be understood, but India's steel industry and iron ore industry development does not match." Late The Jingdong pointed out that the iron ore consumed in steel production in India is much smaller than its domestic iron ore production, and its iron ore from the international market would be more difficult. "The data show that the Indian steel production to 67 million tons in 2010, but its iron ore production reached 210 million tons.
India iron ore exports have been held to limit the attitude. "The analysts said, the proportion of China's imports of Indian ore has been a downward trend. This year, China imported ore in India are expected to total 70 million tons, accounting for about 11% of all imports, and this proportion will continue to decline.
In recent years, India's iron ore export restrictions continue to "overweight". In April 2010, India announced that iron ore lump ore export tariffs from 10% to 15%; India Ministry of Railways to increase the export of iron ore railway freight of 100 rubles / ton. In March 2011, India decided to raise tariffs on exports of iron ore, iron ore fines from 5% to 20% lump ore from 15% to 20%.
In addition to increase the relevant taxes, India iron ore export restrictions. In July 2010, Karnataka, India's second-largest iron ore producer implementation of the ban on iron ore exports, forcing the state to many mines shut down. Since then, the Indian state of Orissa also limit the supply of iron ore. In October this year, the Secretary-General of the Ministry of Indian steel, proposed a ban on domestic iron ore exports, in order for the country's fast-growing economic protection of mineral resources.
The person said that the Indian exports of iron ore, a large proportion of low grade ore, coupled with the declining proportion of China's imports of Indian ore, expected changes in the Indian iron ore exports to China less affected.