Tag: export index
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India: Low-grade iron ore export index stable even as bearish sentiments prevail
SteelMint’s weekly export index for low-grade Indian iron ore fines (Fe 57%) remains stable, w-o-w, at $44/t FoB east coast India. Exports remain absent on weakening demand outlook in China. The Indian iron ore fines exports market continues to remain weak on rising Chinese production cuts. Also, high coke prices have reduced Chinese mills’ interest…