Tag: India low-grade iron ore fines index
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Indian low-grade fines export index up by $8/t w-o-w on global price rally
SteelMint’s weekly low-grade Indian iron ore fines (Fe 57%) export India index increased sharply by around $8/t. Index stands at $88/t FoB east coast India. Market participants cited strong demand for high-grade ore from Chinese mills amid restocking before New year Chinese holidays. Most of the mills in China are preferring high grade fines and…