Indian Iron ore exports have reported to come down drastically in 2012-2013 on high export duty and high railway freight charges. Falling spot Iron ore prices in Chinese market have made Indian exporters cut their purchases in the domestic market.
In conversation with a few exporters and traders, SteelMint assessed that offers for 62% Fe iron fines stand at around Rs 4,000/MT (Delivered Vizag Port), Fe 59/58% iron fines at around Rs 3,300-3,400/MT (Delivered Vizag Port) and Fe 56% iron fines at around Rs 3,000/MT delivered Vizag port.
Indian exporters concluded few deals for Mill Scale at Vizag port at around Rs 5,100-5,200/MT and Rs 4,700/MT at Kandla port.
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