Monday, October 04,
CNF Price of Indian fines remain stable as trading in physical markets of China has slowed down due to the National Holiday. Fe63.5 cargo of Indian fines is being quoted at $148/MT.
Post National Holliday it is expected that the steel mills would certainly try to make up for the loss incurred due to the restriction imposed on electricity use. This might set the market rankling in the short term as trading activities and demand would pick up before the dreary winter.
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