Indian Low Fe Iron Ore Fines Export Prices Up to China

Indian low-grade iron ore fines export market regained momentum this week with various deals being reported. Indian low-grade iron ore fines assessment has increased this week to USD 57-59/MT, CFR China as against last week's assessment at USD 54-55/MT, CFR China. As per the sources Chinese mills are actively booking material for Mar/April shipments, in order to maintain their margins.

As per the sources, Odisha based miners have concluded low-grade iron ore fines (Fe 58/57%) export deals this week at around USD 57-59/MT, CFR China for March/April shipment. Another trader from Odisha has also booked one vessel to China at USD 59-60/MT CFR China during this week. As per the reports, amid shrinking steel margins of Chinese