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18 Mar
05:49

India's iron ore exports spike

India’s iron ore and pellet exports in the first two months of 2024 surged by 66% on-year to 11.81 million tonnes, according to Cybex data. With over 90% of exports going to China, the rise in shipments came amid restocking demand by Chinese buyers on hopes of robust steel demand this year, Kallanish notes. China's fourth-quarter-of-2023 stimulus package and credit policy changes aimed at infrastructure boosted confidence for strong steel dema…
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