India Steel Market Watch
December 3: There have been no imports of iron ore through Chennai Port for the last two months of in September-October, 2015 while in the preceding month of August, there were hardly any imports either with volumes being at a mere 1 ton, arriving from Brazil as a sample material while no imports of the material were recorded from December 2014 till July 2015, according to provisional data available with ISMW.
Imports of the material stood at 1,928 tons in November 2014 when three consignments had arrived from Senegal in a range of Rs 5,804 – Rs 6,753 ($94-109).
One reason is that because of increased domestic supplies, the need for imports is dropping from the end-users.