Indian iron ore export prices plunge on weaker currency

摘要

Spot prices for Indian iron ore exports to China plunged by $6-7/tonne over the past week asa weakening rupee saw exporters willing to slash their offers more readily than otherwise ina quiet market. However, this has so far failed to stoke Chinese buying interest, which hasremained subdued as it has over the past three weeks, Steel Business Briefing notes.