Tag: India low-grade iron ore exports
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Indian low-grade fines export index up around $8/t w-o-w tracking global price gains
SteelMint’s weekly low-grade Indian iron ore fines (Fe 57%) export index increased by $7.5/t this week and stands at $99/t FoB east coast India. Decline in Chinese iron ore port-side inventories, hike in spot iron ore prices in China and some amount of restocking by mills ahead of spring festival have kept prices supported. “Some…