India’s import offers for South African iron ore lumps (Fe 64%) increased $1.5/t w-o-w to $116.5/t CNF Kandla on 2 Apr. Reportedly, no deals were concluded, but some are expected in Apr-May for Panamax cargo. Certain mills continued to show preference for pellets and domestic lumps as feedstock. China’s seaborne spot prices of iron ore (Fe 62%) fines rose $1/t w-o-w to $104/t CFR on 1 Apr.
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