India’s import offers for South African iron ore lumps (Fe 64%) rose $3/t w-o-w to $115/t CNF Kandla on 4 Dec’24. Indian mills avoided inquiries amid weak liquidity impacting domestic finished steel demand. However, lumps prices are rising on strong iron ore offers in seaborne trades. China’s seaborne spot prices (Fe 62% fines) rose $3/t w-o-w to $106.35/t CFR on 3 Dec’24.
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