South African iron ore lump (Fe 64%) import offers dropped $5/t w-o-w to $111/t CNF Kandla on 27 Mar’24. As per sources, enquires from India remained slow amid the decline in pellet prices in western India. Iron ore (Fe 62%) fines spot prices fell by $4/t w-o-w to $104.20/t CFR China on 26 Mar due to weak demand for raw materials.
