Tag: West India iron ore sourcing

High Global Iron Ore Prices Keep West-India Steel Makers Away from Booking Vessels

Nov 18, 2016

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by

Nishtha Mukherjee

in Uncategorized

Sharp increase in global iron ore prices have turned import lump offers dearer. Presently prices for South African lump (Fe 64/63%) are seen at USD 86/MT, CFR China. Imported lump prices have moved up by USD 15/MT M-o-M amid sharp hike in iron ore prices in China. Gujarat based steel makers have shown resistance in…