Indian exporters continue to stock mill scale ( waste generated from re-rolling) at Indian ports on improved iron ore prices in Chinese market. Last deal of Mill scale in domestic market was heard to be concluded at around Rs 5,000/t (Basic) delivered Vizag port.
On the other hand some iron ore traders heard to be offering 58% Fe cargo at around Rs 2,700-2,800/t delivered Vizag port, however buying interest stays at around Rs 2,600/t.
In Chinese spot market, prices continue to move up and a cargo of Australian origin of Fe 62% was sold at around $118-119/t CFR on Global Ore.
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