Tag: Chinese spot Iron ore Prices
-
Indian Iron Ore Exporters Silent Over Weak Demand from Chinese Buyers
Recent sharp decline in spot iron ore prices in China has turned Indian iron ore exporters silent. Iron ore fines (Fe 62%) index in China dropped further yesterday (i.e. 10 Apr’17) and closed at USD 73/MT, CFR China. Prices have lowered by USD 6/MT W-o-W. Reasons behind recent decline in prices can be attributed to…