Tag: India low-grade iron ore index

SteelMint low-grade iron ore fines index falls by $5 in absence of trades

Aug 27, 2020

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by

Indranath Jha

in Fines/Lumps

SteelMint weekly low-grade (Fe 58/57%) FoB India iron ore fines price index declined today (i.e 27th Aug) by around $5/t w-o-w to $67/t FoB India. SteelMint’s last week index stood at $72/t FoB India. Rationale: The index has been calculated using an average of T1 and T2 price inputs. Transactions confirmed by either a buyer/seller…