Spot iron ore demand kept firm on rising steel prices in Chinese spot market. Market participants mention that positive PMI data released by Chinese government and increment in billet prices, have kept sentiments in spot iron ore prices strong and prices have moved up by 10-15 Yuan.
Indian 63.5/63 Fe iron ore fines stayed at around $149-150/t CFR, where as Australian Fe 62 iron fines fetched $149/t CFR.
INDIA:
Iron Fines of Fe 54 offered at around Rs 2,550-2,600/t Delivered Vizag Port.
Iron Fines of Fe 58 offered at around Rs 3,500-3,600/t Delivered Vizag Port.
Mill Scale : Fe 68 trades at around Rs 5,000-5,1000/t (Excld Excise) Delivered Vizag Port.
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