Offers for South African iron ore lump imported to India have rallied on a continued hike in global prices. The current assessment stands at around $210/t, CNF Kandla. As per the sources report to SteelMint, inquiries for lumps are on the lower side due to higher offers and preference for domestic substitutes. Spot iron ore fines (Fe 62%) price opened at $165.95/t CFR China and increased to $174/t levels on Thursday post-CNY holidays but later fell to $172.2/t towards the end of the week amid a decline in futures.
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