Search on
News Title
News Details
Reports/Directory
Glossary
Title_head
Monday Market Monitor - Iron Ore - WEEK 51 - Happy New Year Miners
682 times viewed.
Monday, 24 Dec 2012
EmailButton
Pdf_button
coming-soon

Iron ore price hurtled last week by an impressive 5% to 10% touching USD 130 per tonne for 63.5 Fe grade marking the biggest daily gain in two months,

Led by strong anticipation of inventory pile up by steel mills as the recharged industry with strongest PMI of 50.9 in 14 months and equally resounding demand in retail, auto sector and infrastructure led the brigade.

Soaring trader confidence after seeing better economic news made the speculation rife over unparallel escalation in prices till Lunar Holiday.

Iron ore fines
FOB India

GradeChange
Fe 63.5/63%5%
Fe 63.5/62.5%5%
Fe 63/62%6%
Fe 62/61%6%
Fe 61/60%6%
Fe 60/59 %6%
Fe 59/58 %6%
Fe 58/57%6%
Fe 57/56 %7%
Fe 56/55%7%
Fe 55/54 %7%
Fe 54/ 53 % 8%
Fe 53/52 %8%
Fe 52/51 %8%
Fe 51/50%9%
Fe 50/49%10%


Change is on 14th December as compared to 7th December 2012

How to subscribe
1. Register at www.steelprices-india.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-india.com.
3. Call at 0091-124-3007891/2/3

Source - Steel Price India

(www.steelguru.com)

This is alternative content.

More Raw Material News