Sharp hike in global iron ore prices has made imported iron ore offers dearer. Seaborne iron ore prices in China have gained USD 11/MT on monthly premises.
A west India based market participant shared that offers for imported South African lump have increased sharply and are not less than USD 85/MT, CFR India.
Importers have turned silent over sudden rise in prices and as per market sources no fresh import shipments are expected to arrive in the next 1-2 months.
Spot iron lump premium is assesed at USD 0.2075/DMT, CFR China, up by 14% against its previous assesment of USD 0.1825/DMT, CFR China.
Jindal SAW raises domestic pellet prices-
West India based pellet manufacturer – Jindal SAW has raised pellet prices. Current prices for Fe 63% pellets are at INR 4,700/MT (ex-Bhilwara) and for Fe 65% pellets they are at INR 5,000/MT (ex-Bhilwara).
Leave a Reply