Author: BigMint Technologies Pvt Ltd

China had registered highest ever single day gain of USD 11/MT in iron ore prices on yesterday and traded Fe 62% fines at USD 62.6/MT.  In the meantime, Chinese domestic billet offers rose by USD 40-50/MT and export offer by USD 30/MT to  USD 295-302/MT, FoB China. Similar bullish sentiments are prevailing in CIS market and billet…