With firm steel prices in Chinese market, buyers are gradually ticking up their bids for imported iron ore in spot market.
Spot cargoes were offered higher by 20-30 Yuan looking at rising steel prices in Chinese market.There were few deals concluded yesterday, where Vale sold Fe 65 cargo at around $127/t CFR where as Australian Yandi fines of Fe 58 was bid at around $109/t CFR.
Indian exporters heard to be offering Fe 63.5/63 at around $121-123/t CFR.
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