Tag: indian iron ore export index
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India: SteelMint’s low-grade iron ore export index rises post Chinese holidays
SteelMint’s weekly price index of India’s low-grade iron ore fines (Fe 57%) exports stood at $79/tonne (t) FOB east coast on 19 January, 2022, up $6/t w-o-w. Prices increased after Chinese market participants returned from Lunar New Year holidays. Trading was active in both North and East China. Most of the steel mills began purchasing…