India: South African iron ore lump offers remain stable w-o-w
Import offers for South African iron ore lumps (Fe 64%) remained steady w-o-w at $110.5/t CNF Kandla on 20 Nov'24. Indian buyers are yet to conclude deals amid competitive domestic pellet and iron ore lump prices. Notably, Gujarat-based mills have purchased no cargo in CY'24 so far. China's seaborne iron ore (Fe 62%) fines spot prices remained largely stable w-o-w at $102/t CFR China on 19 Nov.