Tag: South African Kumba Lump

Imported iron ore lump (Fe 65%) offers of South African iron ore miner-Assmang are at USD 54-56/MT, CIF Kandla for shipments to arrive in early Jan’15. Vessel freight from South Africa to India is around USD 5-6/MT for capesize vessels and around USD 10/MT for supramax vessels. “With global iron ore prices hitting record lows,…