With falling spot iron ore prices in Chinese market followed by recovery in Indian Rupee against USD has made Indian mill scale exporters to cut down their purchase prices by Rs 100-200/MT.
SteelMint assessed that current interest for Mill scale of grade Fe 70/68 stands at around Rs 5,700-5,800/MT (USD 92-93.5) delivered Vizag port, down by almost Rs 200/MT from last week.Last deal was heard to be done from Vizag port at around US$ 126-128/DMT CFR China (in Bulk).
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