Robust prices confound as India mulls lifting exports

摘要

Iron ore prices continue to defy expectationsof a slump, with 62% Fe fines averagingjust under $61/mt CFR in the first halfof August, up almost $4/mt on the Julyaverage. Most market watchers anticipatea price correction in the final quarter of thisyear on weaker steel prices. Whether therewill be a repeat of the October-Februaryiron ore slump is difficult to determine.