Surge in iron ore exports to China pushes up indices

Tribune News Service

New Delhi, August 11

At a time when there’s a basic clampdown on imports from China, Indian iron ore exports to that nation have been instrumental within the Nifty 50 index touching a five-month excessive on Tuesday.

Metal shares have led the restoration as China’s import of Indian iron ore is the best since 2012 attributable to indicators of a restoration in Chinese financial exercise.

In the primary six months of the yr, India shipped 20 million tonnes of iron ore as towards lower than 10 million tonnes throughout the identical interval final yr. The document for iron ore shipments over six months stands at 27.eight million tonnes in January-June 2012.

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