Tag: Indian Iron Ore imports

Indian iron ore import moved down by 13% in CY’17 to 5.5 MnT against 6.33 MnT last year. Increased domestic availability of iron ore resulted, steelmakers to prefer domestic iron ore than imported iron ore. Yearly average global iron ore fines (Fe 62%) prices increased by 22% Y-o-Y to USD 71/MT, CFR China in CY17 compared…