Tag: Iron ore export
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SteelMint: Declining Chinese futures weighs on Indian iron ore export index
The low-grade iron ore export market continues to remain subdued amid soft Chinese demand. Also, the onset of the rainy season and weakening steel margins in China continue to adversely impact demand for low-grade fines, with high-grade iron ore and pellets remaining the preferred choice of steelmakers. SteelMint’s weekly export index for low-grade Indian iron…