South African iron ore lump (Fe 64%) import offers fell by $4/t w-o-w to $131/t CNF Kandla on 21 Feb’24 following the sharp drop in spot and futures prices in China. No inquiries from Indian buyers amid iron ore and pellet prices drop in the domestic market. The benchmark Fe 62% fines index decreased by $7/t d-o-d to $122/t CFR China on 20 Feb post-holidays.
