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Spot iron ore prices at US$147~US$149/ton C&F

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It’s reported that the spot iron ore prices have dropped slightly recently.

At present, the spot prices of Indian iron ore fine contains 63.5% Fe are at US$147~US$149/ton C&F, decreasing by US$1/ton in comparison of US$148~US$150/ton C&F in the previous quotes.

However, trades predicted that the spot iron ore prices may rise in the near future after the major steel mills in China announced raise the list prices for March.
News Date 15 Feb 2012 14:25:04 reported by Piper

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