Australian and Indian iron ore prices register drops

SteelOrbis has learned from market sources that the price for Australian PB fines with 61.5 percent iron content is at $113-114/mt CFR in China, while the price for Australian Yandi fines with 58 percent iron content is at $104-105/mt CFR. Both price ranges have indicated a drop of $4/mt since last week.
 
In the meantime, SteelOrbis has further learned that the price of Indian fines with 63-63.5 percent iron content has dropped by $4/mt as compared to last week to $118-120/mt CFR, while the price of Indian fines with 61-62 percent iron content has decreased by $3/mt to $112-114/mt CFR.