South African iron ore lump import offers to India have increased of late on a hike in global prices. The current assessment for imported lump (Fe 65%) stands at around $250/t, CNF Kandla, up by $10 on week. Meanwhile, the benchmark global iron ore fines (Fe 62%) index has increased to $210/t, CNF China, on 9 Jun’21, on a sharp hike in iron ore futures amid upbeat market sentiments and shortfall from key suppliers.
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