With spot iron ore prices in China stable at $137 for 63.5/63 Fe iron fines, buyers are still not confident whether steel prices will hold at these levels. More over Bao Steel, China's largest steel producer has cut its July Steel prices by $30-37/t amid weak exports.
Indian 63.5 Fe fines is heard to be offered at $137/t CFR by a large miner.It is also reported that demand for low grade fines are still decent.
Leave a Reply