South African iron ore lump (Fe 64%) import offers significantly decreased by $9/t w-o-w to $112/t CNF Kandla on 24 Jul’24 following the sharp drop in global fines prices. The buying inquiries may start by Indian buyers soon following this fall in the lump offers. Iron ore (Fe62%) fines spot prices fell by $7/t to $100/t CFR China on 23 July.
Leave a Reply