Demand surge fuels export boom

In Focus/Iron Ore

 This is mainly because of the recent firming up of steel prices and world production running below apparent consumption. India exports its iron ore mainly to Japan, Iran and China.

 Given the potential of Indian iron ore in terms of grading and with the global demand rising, the iron ore mining is expected to gain further momentum.

 The rise in international price is seen as another major influencing factor to cash in on the global steel boom.

 For 2000, Indian iron ore producers had negotiated a higher price of $13.28/ton (Goan ore) as against the