Tag: India low-grade iron ore index

Indian low-grade fines export index stable on absence of Chinese buyers

Oct 8, 2020

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by

Indranath Jha

in Fines/Lumps

SteelMint’s weekly low-grade iron ore fines (Fe 58/57%) FoB India index remained flat w-o-w due to ongoing week-long Chinese holidays. SteelMint’s index stands at $78/t FoB east coast India. Rationale: The index has been calculated using an average of T1 and T2 price inputs. Transactions confirmed by either a buyer/seller are designated as T1 input…