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| Indian iron ore prices closing on to USD 150 mark - 19 Mar, 2010 | ||||||||||||||||||||||||||||||||
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The surge in spot prices of Indian iron ore is continuing pushing FOB levels further by 2% to 4% on March 18th. Following deals were reported on CFR China basis 1. Indian origin 61%/61% - USD 142 per tonne 2. Indian origin 62%/61% - USD 141 per tonne 3. Indian origin 64%/64% - USD 153.5 per tonne 4. Rio PB5 - 62%/62% - USD 152 per tonne Price for Indian benchmark grade 63.5%/63% was reported at USD 146 per tonne to USD 148 per tonne on CFR basis. As a result, FOB prices have further surged to take the total hike in last 10 days to 9% to 25% for various grades. Iron ore fines FOB India
Change is on March 18th 2010 as compared to March 8th 2010 To know domestic iron ore spot prices at Bellary and Barbil and FOB East Coast spot prices subscribe to "Iron Ore Services" of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com along with your full contact details. Please note that this is a paid service with subscription charges of USD 600 or INR 30,000 plus ST for 12 months. The accuracy and the speed of reporting changes is well appreciated by not only Indian miners, but by global iron ore majors as well as Chinese mills as many of them have subscribed to this service to maintain another but solid listening post as far as Indian spot market is concerned. (Sourced from www.steelprices-india.com) | ||||||||||||||||||||||||||||||||
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