Tag: India low-grade iron ore fines index
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Indian low-grade fines export index up marginally in a recent deal
SteelMint’s weekly low-grade Indian iron ore fines (Fe 57%) export index increased slightly by around $1/t. Index stands at $89/t FoB east coast India. Market participants cited modest demand for low-grade ore from Chinese mills amid restocking before New year Chinese holidays. Steel mills in China are using low-grade fines for blending with high-grade ore,…