Indian iron ore exporters have heard to actively started purchasing iron fines from domestic market on improved spot prices and weak Rupee ( 57.10 against USD), reported local sources in India.
“Demand of iron ore fines in domestic market has increased in last few days.Exporters want to stock up before monsoon which will help them reduce moisture content during rainy seasons. Currently 58% Fe iron fines is heard to have sold at Rs 3,550/t F.O.R Vizag.Where as 54% Fe fines is asked for 2400-2500/t F.O.R Vizag.” said an iron ore trader.
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