UTC+8 ( BJT)

India iron ore export index climbs to 6-m high post CNY

ABSTRACT

SteelMint's weekly index for India's low-grade iron ore fines (Fe 57%) exports stood at $60/t FOB east coast, up by $17/t w-o-w, the highest in six months. Iron ore exports have witnessed growing momentum after China re-entered the market post CNY holidays.
SteelMint heard one-two parcels of export deals to have been concluded by an eastern India-based trader at $72-77/t CFR China this week. However, the sell-side confirmation could not be received. A few offers were heard at around $79-80/t CFR China.   "Prices have climbed post CNY holidays following the upside in global

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227