Iron Ore-Price for Indian Cargoes Rises on Tight Supply

Reuters Africa reports prices for spot Indian iron ore cargoes rose, reflecting tight supplies and expectations of high demand as Chinese steel prices rise.

The market news is quoted as saying,

Iron ore shipments from No. 3 exporter India have been disrupted by the monsoon and a slow resumption of exports in southern Karnataka state, source of a quarter of the country’s iron ore shipments, after a ban on exports was lifted in April.

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