Tag: China iron ore price

Rising Demand of Low Grade Iron Ore from Chinese Mills on Falling Steel Margins

Nov 16, 2018

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by

Indranath Jha

in Fines/Lumps

Chinese mills are heard to have increased preference of low grade iron ore fines on declining steel margins over decline in steel prices. According to the sources reported to SteelMint, recently a deal for Indian origin Fe 57% fines was booked for China at around USD 39- 40/MT, CFR China. This is equivalent to 39-40%…