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11 Jun
11:42

India’s May ore exports rise amid Chinese demand

India's iron ore fines and pellet exports surged by 28% month-on-month in May, according to CYBEX data analysed by Kallanish. This spike in exports is largely driven by increased demand for low-grade iron ore fines, particularly from China, a key importer from India. Amid subdued steel demand and declining margins over the past two months, Chinese steel mills are increasingly favouring imports of relatively inexpensive low-grade iron ore fines from India for…
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