The surge in the spot price levels in China for import of Indian iron ore is continuing and as a result Indian miners have pushed up there FOB levels further by about USD 1 per tonne.
Tightness on supply side is being further propped up by frenzy on the buying side resulting in such steep hike.
To know the exact levels of Indian origin iron ore fines on FOB India basis for 14 grades ranging from 63.5%/63% to 52%/51% utilize a special “Iron Ore Pricing” package from www.steelprices-india.com
Pricing information is updated as and when the levels change In addition domestic prices at Bellary and Burbil are reported.