Tag: Iron ore export
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India: Iron ore fines export index slips on adverse sentiments in China
Demand for low-grade iron ore continues to trend lower as a result of steel production cuts in China. SteelMint’s weekly export index for low-grade Indian iron ore fines (Fe 57%) decreased by $3/t w-o-w to $84/t FoB east coast India. The Chinese govt has been stressing on curbing steel output in H2 CY’21. The country…