Imported offers for South African lump to India have come down by $5-10/t w-o-w, SteelMint learned from its sources. The current assessment stands at around $170-175/t, CNF Kandla which was hovering at $180/t, CNF Kandla in the last week. The fall is due to a fall in the global iron ore fines index which fell to $159/t, CNF China, down by $15-20/t w-o-w. Also, the most traded DCE May’21 iron ore futures closed at RMB 996/t yesterday as against RMB 1,036/t, a week ago.
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