Tag: global iron ore indx
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Global iron ore index drops $40 m-o-m; will imports to India increase?
Global iron ore prices have witnessed a considerable decline in the past one month on the back of weaker steel demand outlook and production curbs in China. The benchmark Fe62% Australian fines price, after touching dizzying heights of more than $230/tonne (t) around the third week of May’21 has come down to the current levels…