Friday, December 17,
SteelMint Exclusive
Orissa miners have stopped taking fresh orders for iron ore fines/blue dust that is exported to China owing to higher export prices.
Some mines have revised the iron ore fines/ blue dust prices by Rs 100/ MT.
Spot iron ore prices in china remain at 7 months high. Fe 63.5 of Indian cargo is being quoted at $174-176/MT.
Iron ore fines prices are expected to go up further by Rs 100-200/MT as demand from Chinese buyers seems to be good and also spot iron ore prices are expected to remain high.
KJS Ahluwalia , a miner based in Orissa has already increased its Fines prices by Rs 100/Mt. Demand remains good from exporters as exports from Karnataka remained banned.
Reported by Monica Patnaik (monica.patnaik@steelmint.com)
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