Tag: Indian low-grade fines index
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Indian low-grade fines export trades remain limited on falling Chinese demand
SteelMint’s weekly low-grade Indian iron ore fines (Fe 57%) export index moved down by $2/t to $90/t FOB east coast India. Demand for low grade ore remained weak on stricter pollution control norms in China favouring demand for high grade ore. “The discounts for Indian low-grade ore are still at around 34-35% and are expected…