Buying inquiries for imported South African lump to India has been increased tracking hike in global prices. The current assessment for imported lump (Fe 64%) stands at around $245/t, CNF Kandla. The global iron ore fines (Fe 62%) fines index increased to $203/t, CNF China on 7th May’21 on the sharp hike in iron ore futures amid robust steel market outlook and iron ore supply disturbance from a few key supplying countries.
Leave a Reply