Saturday, October 09,
Imported Iron ore market rebounded after the National holidays. With the increasing demands from steelmakers and traders, the price for both local and Imported Iron ore surged.
In Tangshan market of China, local Iron ore price experienced a RMB 40/MT price hike and traders believed that going forward, the imported Iron ore price would also follow the uptrend. The CNF prices of Indian fines Fe 63.5% cargo was being quoted at $152-154/MT.
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