Chinese steel futures and iron ore in spot market moved up on anticipation. Market experts feel quarter 4 will be good for steel industry.
Australian miner BHP sold 62.7 Fe fines at around $ 117/t CFR, where as another Australian fines of grade 57.7 was concluded at $ 106/t CFR.
Indian 63.5/63 fines move up to $115-117/t CFR, with Indian exporters offering same grade at around $118-119/t CFR.
Although, an official from Federation of Indian Mineral and Industries (FIMI) commented that iron ore exports from India likely to touch all time low this fiscal as Goa is completely shut in order to check illegal mining.
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