FOB prices of grade 63.5% Indian Iron Ore $135 to $140 up from $57 at the beginning of 2007:- Metals News - Metals Place

Indian iron ore export tax would deter China – analyst - Metals News - Metals Place: "Last March, the Indian government introduced ore-grade specific export taxes of rupee 50 ($1.27) to rupee 300 ($7.64) per ton, representing the first move by the Indian government to conserve iron ore. However, iron ore prices surged over the year, with FOB prices of grade 63.5 percent Indian iron ore reaching $135 to $140 per ton at the end of December 2007, up 146 percent from the per-ton-price of $57 at the beginning of 2007."