Indian exporters keep Mill Scale offers unchanged to Chinese buyers

With Chinese new year approaching in second week of February, buying sentiments have slowed down in spot iron ore and mill scale market.

Sources highlight SteelMint that Indian exporters have kept Mill Scale offers unchanged from previous week at $137-140/t CFR China in bulk.Indian Fe 63.5/63 iron ore fines are hovering around $148-149/t CFR, although buying and selling interest are equally low.

INDIA:

Indian exporters have kept their purchases open in domestic market with buying interest for Mill Scale ranging from Rs 4,900-5,100/t (Basic, Delivered Vizag Port) and Fe 54% iron ore fines in the range Rs 2,400-2,500/t.