Spot iron ore prices continue to move up further by $1-2 per tonne on rising steel prices and bullish sentiments.
Australian PB fines of grade Fe 61.5 was concluded at $125/t CFR, where as Australian 58 Fe fines was sold at $114-115/t CFR. No deals were done from Indian exporter for the fact that no one is holding sizable stock on Indian ports.
Sources tell that few steel mills in China have also raised domestic prices looking at good demand.
Leave a Reply