Tag: India iron ore export index
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SteelMint: India low-grade iron ore fines export index falls amid China demand slowdown
SteelMint’s weekly index for India’s low-grade iron ore fines (Fe 57%) exports stood at $55/t FOB east coast, down $6/t w-o-w. Outbreak of a new variant of COVID-19 in China’s prominent cities such as Beijing and Shanghai weighed on sentiment for iron ore and steel over the past few days. Also, drop-in swaps have weighed…