Australia tops 2017-18 iron ore exports to India
Australia was the largest exporter of iron ore to India in the 2017-18 fiscal year ended 31 March after being a marginal supplier for the past several years.India may become net importer of iron ore again from next year (2020)
India is likely to emerge as a net importer of iron ore next year after about four years, and may remain a key buyer in the international market for the next few years, as domestic supply is likely to take a big hit due to closure of 24 working mines.
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