There may be significant swings in the prices and trade flows in the steelmaking raw materials market if the Covid-19 situation in India continues to worsen, sources told Fastmarkets.
India has had a record-breaking number of Covid-19 cases in recent weeks - breaching the 300,000 mark several times over the week to April 27 - while vaccinations fail to stem the tide of infections."Prices for iron ore pellets with low-alumina content will most likely continue to be supported should logistics issues creep...