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| Monday Market Monitor - Iron Ore - WEEK 05 - Period of inactivity - 06 Feb, 2012 | ||||||||||||||||
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Iron ore market was devoid of activity last week with Chinese buyers adopting cautious attitude amid concern that slowing global economic growth and Europes sovereign debt crisis may curb demand for the raw material used in steelmaking However some improvement was reported for very low grade iron ore FOB India Grade Fe 63.5/63% Fe 63.5/62.5% Fe 63/62% Fe 62/61% Fe 61/60% Fe 60/59 % Fe 59/58 % Fe 58/57% Fe 57/56 % Fe 56/55% Fe 55/54 % Fe 54/ 53 % Fe 53/52 % Fe 52/51 % Fe 51/50% Change is on Feb 3rd as compared to 27th Jan 2012 With the impending gradual shift form benchmark pricing based long term contracts to spot cargos, it has become more vital for both sellers as well as buyers to precisely monitor the daily movements of iron ore spot prices to keep tab on trends and spot opportunities. This has galvanized us to start reporting domestic prices of iron ore at Barbil & Bellary and export prices on FOB Indian port. Domestic iron ore spot pricing information updated 5 days a week whereas export spot prices FOB Indian port as and when they change To know exact levels, likely scenario, domestic iron ore spot prices at Bellary and Barbil and FOB 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. 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. Subscription charges for 12 months access
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 (Sourced from www.steelprices-india.com) | ||||||||||||||||
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