Tag: Low Grade Iron Ore
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India: Iron ore fines export index drops to three-month low on weak Chinese demand
Chinese interest in low-grade iron ore fines continues to slide amid steeper steel production cuts. SteelMint’s weekly export index for low-grade Indian iron ore fines (Fe 57%) decreased by $4/t w-o-w to $80/t FoB east coast India. The index has fallen to a three-month low, as per data maintained with SteelMint. “The market is extremely…