Spot iron ore fines remain steady at $151/t CFR for 63.5/63 % Fe. Trading volumes have been low after China has come back from a week long holiday.
” There is not much action at this moment. Buyers are waiting for markets to take direction. Also there are not many Australian and Brazilian cargoes available.” said an Indian exporter based in Kolkata.
Market sources report SteelMint that local traders offer 58% Fe fines at Rs 3,150/t (F.O.R Vizag Port), where as 53% Fe fines are offered at Rs 2,350-2,400/t.
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