South African iron ore lump import offers to India have increased tracking hike in global iron ore prices. The current assessment for imported iron ore lump (Fe 65%) stands at $260/t CNF Kandla, up by $10 w-o-w. Meanwhile, the benchmark global iron ore fines (Fe 62%) index has increased by $1/t w-o-w to $219/t CNF China, on 2 Jul’21. On a weekly basis, prices have increased by $4/t.
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