There is something to rejoice for Indian iron ore exporters after a long time. When iron ore prices in International market are rising up and on the other hand weak rupee gets them the better realization.
” International prices have gone up by $2-3/t this week after Australian ports were closed due to cyclone. Weak rupee has given better realization to Indian exporters.” said a miner and exporter based in Orissa.
It is reported that an Indian cargo of 63.5/63 Fe concluded at $151/t, CFR.
Market also wait for Sesa Goa's tender for 54% Fe iron ore to be held on 24-27th March.
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