Tag: India low-grade iron ore fines index

Indian low-grade fines export index remains range-bound on limited inquiries

Dec 24, 2020

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by

Indranath Jha

in Fines/Lumps

SteelMint’s weekly low-grade Indian iron ore fines (Fe 57%) export index remained largely stable this week. SteelMint’s index stands at $88/t FoB east coast India. Market participants cited limited buying inquiries for low-grade ore from Chinese traders amid amid festive mood of Christmas. Indian traders have adopted the ‘wait & watch’ approach as sharp volatility…