India’s iron ore export market remained silent for another week post-the steep export duty. Price indications for Indian-origin low-grade fines of Fe57% were at $80/t CFR China. However, in the absence of a seller, no firm deals were reported on bid-offer disparity and lower ex-mines price realisations. India’s iron ore export shipments touched 1.64 mnt in May’22, stable against 1.66 mnt in Apr’22.
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