Spot iron ore prices were mostly steady on Tuesday as slow demand from top buyer China tempered the impact of India's move to raise export duties, although traders said they expect prices to edge up later in the week.
India, the world's third-largest iron ore exporter, on Monday said it will quadruple export duties on iron ore fines to 20 percent as it seeks to curb exports, mostly destined for China.
The move which should further tighten global supply of the steelmaking ingredient and is likely to fuel another rally in iron ore prices, which have declined since hitting record highs in mid-February.
Indian ore with 63.5 percent iron content was quoted at around $188 a tonne, including freight, in China on Tuesday, said
豫公网安备41010502003434号