India: Iron ore lump import offers edge down on global cues

Iron ore lump import offers for buyers in India have fallen amid decline in global iron ore prices, SteelMint notes. SteelMint’s current assessment for imported lump (Fe 64%) stands at $225/t, CNF Kandla, down against last week’s price of $245/t. The assessment witnessed a decline due to falling global benchmark iron fines (Fe 62%) prices, which were recorded at $191.65/t, CNF China, on 25 May’21 compared to last weekend’s price of $200.10/t, CNF China.


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