Tag: India low-grade iron ore index

Indian low-grade fines export index stable as high-grade ore demand picks up in China

Dec 3, 2020

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by

Indranath Jha

in Fines/Lumps

SteelMint’s weekly low-grade iron ore fines (Fe 57%) FoB India index remains range-bound this week. Index stands at $80/t FoB east coast India. Market participants cited strong demand for high-grade (mainstream cargoes) from Chinese mills due to winter production cuts. Vale in its recent press release notified that the company has reduced its iron ore…