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Which iron ores are priced with the 65 index?
1. The domestic iron ore price is uniformly converted into 65% iron concentrate, which is calculated by weighting the tradable spot trade price of domestic iron ore.

2. The price of imported iron ore is uniformly converted into 62% Indian fine ore, which is calculated by weighting the spot price of imported iron ore in major ports and the current foreign futures quotation.

3. The iron ore price index is calculated from the weighted prices of domestic iron ore, iron ore owned by steel mills and imported iron ore (spot and agreement).