South African imported iron ore lump (Fe 64%) offers declined over twenty months by $5/t w-o-w to $98/t CNF Kandla today. This drop has reached a hedging level for importing into India. However, major buyers remain out of market due to prevailing bearish market sentiments. Global iron ore fines (Fe 62%) prices decreased by $3/t w-o-w to $90/t CFR China on 10 September.
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