Tag: Low grade iron ore index
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India: Weak demand from China weighs on low-grade iron ore export prices
SteelMint’s weekly export index for low-grade Indian iron ore fines (Fe 57%) decreased slightly by $1/t, w-o-w, to $38/t FOB east coast India. China’s preference for low-grade iron ore fines is on the lower side due to the country’s power rationing policies and the drive to lower energy consumption. This is expected to limit the…