India’s iron ore exports may continue to trend down, as Chinese prices are likely to fall further. The country’s crude steel production is expected to edge down in this calendar year. Additionally, given that Indian production momentum is set to remain robust, iron ore suppliers may keep their focus on domestic trades because of better realisations. However, pre-monsoon restocking and the current preference for lower grades may prop up volumes, though these factors are unlikely to offer steady or substantial support.
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