Indian ore producers upbeat as china hikes price

摘要

Tough iron ore exports in the current year are expected to remain little changed in quantity terms, producers will be able to get better prices after Chinese mills agreed to a 19 per cent price rise with the world's top miners. India's iron ore exports rose 15 per cent in the financial year ended March to 90 million tonnes, from 78.14 million tonnes in the previous year, a senior government official said. India, the world's third-largest exporter of iron ore, sold 70 million tonnes to China in the past year, he said. "Medium and small Chinese steel mills were the main buyers. Nearly 90 percent of the iron ore which was exported was low grade," the official said.