Offers of imported South African lump to India have declined tracking the drop in global iron ore prices. The current assessment for imported lump (Fe 65%) stands at around $270/t, CNF Kandla, down by $5-10 w-o-w. Meanwhile, the benchmark global iron ore fines (Fe 62%) fell by $3 in the last two days to $218/t, CNF China on 14th Jul’21 on steel production curbs in China.
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