Author: Monika Bajaj
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India: Low-grade iron ore export index stable, sentiments remain bearish
SteelMint’s weekly export index for low-grade Indian iron ore fines (Fe 57%) remains stable at $38/t FOB east coast India. Indian iron ore export sentiments continue to drop amid China’s steel production controls. Chinese mills usually start buying more iron ore two to three weeks ahead of the October Golden week holidays. However, as per…