The price of seaborne iron ore continued to strengthen today on improved buying sentiments and higher bids received for Australian mainstream PB fines.
It was reported that PB tender closing at a $131.64/t CFR, significantly higher than last done.
Traders we also reporting stronger bids in the market. In spite of this, rebar closed more or less flat on the day.
Indian 63.5/63 Fe iron fines reach at $131-132/t CFR China, although not many Indian exporters are holding stocks.
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