Tuesday, 2nd Aug,
A cargo of 63.5/65 Indian fines tender traded at 186, giving a stronger signal for the market this week. India’s Supreme Court has ordered a halt at all iron ore mining operations in the Bellary region, which accounts for the majority of the output from the southern state of Karnataka.
Demand has improved from last week and markets might see $190/mt levels said an exporters based in Mumbai.
SHFE rebar saw strong gains in and spot prices for the physical product continued to increase.
Leave a Reply