Indian Fe fines export index stable in recent trade
Nov 30, 2020 10:00
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SteelMint's weekly low-grade iron ore fines (Fe 57%) FoB India index remains range-bound this week. Index stands at $80/t FoB east coast India. One export deal from an Odisha based miner was reported this week. However other Odisha based iron ore miners/exporters remained less active in export market.
Price indicators –One export deal was heard to be concluded and Odisha miner for 55,000 t fines (Fe 57%) at $91-92/t CFR China early this week. It has been considered for calculation of index and weightage given 50%.
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