China - Iron Ore Exports To China

Iron India China, world's largest importer of raw materials, ore exports fell significantly in October to 6.4 percent.

According to the Chinese border, India to China, October, 44 percent 2.91 million tonnes of iron ore in the fall compared to the same period last year exported. The export supply from October to September decreased 39 percent faster.

The recession has led China to find other sources of iron, increased demand from other markets in large quantities.

It Karnataka ban on exporting iron ore to fall behind the decision was an important reason. Karnataka accounts for a quarter of India to supply China.

Recently, the State of Karnataka High Court, where it was imposed from July upheld the ban on exports of raw materials.

Over the years, our imports of iron ore to China more and more diversified in search of new markets such as South Africa and Canada and more than a year ago the object of their imports at the expense of India nearly doubled.

In 2009, Australia, Brazil and India to China remained the largest supplier of iron ore, but imports from India increased 18 percent to only 110 million tons while Total imports of iron ore to China increased by 41.6 per cent year on year to reach record 630 million tons. 42.9 per cent of imports from Australia increased to 260 tons, 41.5 percent of Brazil 140 million tons.

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