With spot iron market in China performing much better this week (after Chinese national holidays) has cheered Indian iron ore exporters. Prices moving up by $10 this week, many exporters have started seeking for iron ore fines and mill scale from domestic market.
Traders offer mill scale at Rs 4,300/t delivered Vizag port, where as buyers bid for Rs 4,100-4,200/t delivered Vizag port.
Low grade fines of Fe 58 being offered at Rs 2,700-2,800/t delivered Vizag port.
Rupee hovering around 52.5 against USD gives a good opportunity for exporters to conclude few deals in Chinese market.
Leave a Reply