Spot prices of Iron ore fines remain unchanged for the 2nd
consecutive day as buyers prefer to be on the sidelines.
Indian exporters retained the offers for Fe 63.5/63 at $188/MT. Offers for Australian 62% Newman fines also remained
unchanged at $182-$184/MT (CNF)
“We have kept the offer prices same. However, buyers
are still cautious. It is difficult to say where will the market head from here
but prices are unlikely to correct sharply” said an Indian exporter.
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