Lok Sabha Question No. 709 (UNSTARRED), answered on 2017-07-20
Subject: Export of Iron Ore
Ministry: MINES
Asked by: RAMCHARAN BOHARA

## GOVERNMENT OF INDIA

## MINISTRY OF MINES

## LOK SABHA UNSTARRED QUESTION NO. 709 TO BE ANSWERED ON 20.07.2017

## EXPORT OF IRON ORE

## †709. SHRI RAM CHARAN BOHRA:

Will the Minister of MINES be pleased to state:

- (a) the quantum of iron ore exported to China during each of the last three years and the current year along with price/value of the same;
- (b) the quantity of iron ore exported to China out of the total iron ore exported during the said period;
- (c) the price/value of iron ore supplied to domestic industries in the country during the said period; and
- (d) the reaction of the Government in regard to the different prices/values of the same?

## ANSWER

## THE  MINISTER  OF  STATE  (INDEPENDENT  CHARGE)  FOR  POWER,  COAL,  NEW  & RENEWABLE ENERGY AND MINES (SHRI PIYUSH GOYAL)

(a): As per information provided by Ministry of Commerce & Industry, the quantity and value of iron ore exported to China during the last three years and current year is given below:

| Year                     |   Quantity (in tonne) |   Value (in crore) |
|--------------------------|-----------------------|--------------------|
| 2014-15                  |               4287520 |            1190.21 |
| 2015-16                  |               5061373 |            1032.05 |
| 2016-17                  |              29283992 |            9613.71 |
| 2017-18 (upto May, 2017) |               4720878 |            1194.03 |

- (b): As per information provided by Ministry of Commerce & Industry, the quantity of iron ore exported to China out of the total iron ore exported during the last three years and current year is as under:

| Year                   |   Total Iron ore exported (in tonne) |   Iron ore exported to China (in tonne) |   China's share in total iron ore export (%) |
|------------------------|--------------------------------------|-----------------------------------------|----------------------------------------------|
| 2014-15                |                              7298107 |                                 4287520 |                                        58.75 |
| 2015-16                |                              5444485 |                                 5061373 |                                        92.96 |
| 2016-17                |                             30538662 |                                29283992 |                                        95.89 |
| 2017-18 (upto May, 17) |                              6084436 |                                 4720878 |                                        77.59 |

(c)  and  (d):    As  per  information  made  available  by  Indian  Bureau  of  Mines  (a  Subordinate  office  of Ministry of Mines), the quantity/ value of domestic despatches of iron ore in the country during the last three years are given below:

(Quantity in '000 tonnes; Value in Rs '000)

| Use     | 2014-15   | 2014-15   | 2015-16   | 2015-16   | 2016-17 (P)   | 2016-17 (P)   |
|---------|-----------|-----------|-----------|-----------|---------------|---------------|
| Non     | Quantity  | Value     | Quantity  | Value     | Quantity      | Value         |
| Captive | 60306     | 154070220 | 88809     | 151666093 | 135466        | 213051612     |

Mining sector, including mining and trade in iron ore, has been deregulated since the year 1993. Since then, the prices are determined by the interplay of market forces. Domestic prices are influenced by trade policy,  resource  availability,  market  dynamics  (demand-supply  scenario),  international  prices,  royalty rates, taxes, global demand scenario etc. Average sale price of minerals including iron ore is available on the official website of Indian Bureau of Mines (http://ibm.gov.in).

*****