Yesterday iron ore price reduced 0.6%.

Index for iron ore 62% and 65% Fe fell respectively 1.1% and 1.4%.

Iron ore price reduction as well as the new 25% tariffs on export of iron ore in Iran can limit Iran’s iron ore export significantly. But it is a good opportunity for Iranian steelmakers; help them to buy their required raw materials at affordable prices.

See also  As the iron ore prices in global markets continue to fall, the price difference between Iranian internal and export concentrates reduced to only 7.3%!
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