Imported South African lump offers rise sharply on global price gains

Indian imports of South African lumps remained nil since last few months on rising global iron ore prices. SteelMint’s assessment of South African imported lumps to India increased to $ 128-130/t, CNF Kandla, up by $5-10/t w-o-w. Also domestic pellet offers of Jindal SAW increased to INR 9,700/t Del Kandla this week.