China’s Iron Ore Price Formula will help India
China’s iron ore equilibrium formula is likely to benefit Indian exporters of the ore more than its competitors Brazil and Australia.
Haresh Melwani, CEO, H L Nathurmal & Co, a miner and exporter from Goa, stated:
Being geographically advantageous due to the lower freight rates compared to Brazil and Australia, India’s iron ore demand would certainly increase.
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Thu, May 28, 2009
Post by Melissa Pistilli, Iron Senior Reporter