So far on HC not one mention of last fridays announcement that the indian govt is slapping a 15% tax on iron ore exports,i can only say two things:
1)the chinese aren't happy chappies spot prices will go up
2)indian domestic iron ore will now be more directed to the local indian steel industry,what does this say about global iron ore supply ???-things are going to get even tighter out there folks.
Iron ore prices look even more bullish than a few weeks ago IMHO.
any comments on this are welcome !!
15 pct indian iron ore export tax
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