Spot 63.5/63 Fe iron ore fines remain unchanged at $147-148/t though Chinese steel futures corrected almost 1% on Monday morning as markets unclear of healthy demand.
Spot iron ore offers remain steady and markets wait for tenders by Vale and BHP to get a clear direction.
Brazil's Vale, the world's No. 1 iron ore producer, is selling 100,000 tonnes of 65.1-percent grade iron ore lumps and 135,000 tonnes of 62.75-grade sinter feed iron ore fines, traders said. Third-ranked BHP Billiton is also offering a capesize cargo of 61.5-grade MAC fines.
Indian traders though raise domestic offers by Rs 100-150/t on anticipation. 53% Fe iron ore fines offered at Rs 2,400/t (FOR Vizag Port) said traders.
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