It is reported that rain hit mining operations and logistics along with loading delays had tightened supply of Indian iron ore to China thus supporting prices, which otherwise may have fallen as Chinese steel market continues to be on down trend
As per market reports Indian iron ore cargos of 63.5/63% are being offered at USD 91 per tonne on CFR China basis.
With the impending gradual shift form benchmark pricing based long term contracts to spot cargos, it has become more vital for both sellers as well as buyers to precisely monitor the daily movements of iron ore spot prices to keep tab on trends and spot opportunities.
We are reporting spot prices of various grades of iron ore fines on FOB India basis.
| Grade |
| Fe 63.5/63% |
| Fe 63.5/62.5% |
| Fe 63/62 % |
| Fe 62 / 61% |
| Fe 61 / 60 % |
| Fe 60/59 % |
| Fe 59 / 58 % |
| Fe 58 / 57% |
Pricing information is updated as and when the levels change
In addition domestic prices at Bellary and Burbil are reported.
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