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Iron ore prices makes first move after hike in export duty

The hike of export duty in India on iron ore to 30% bore its first impact on the export levels with climb of USD 1 per tonne. Even though buying was relatively quiet considering that the approaching Chinese New Year (23rd January) should propel stocking.

Indian iron ore fines Fe 63.5/63% being offered at USD 146 per tonne a climb of USD 1 per tonne.

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