Sharp decline continues in Australian and Indian iron ore prices

SteelOrbis has learned from market sources that Australian PB fines with 61.5 percent iron content have decreased by about $9/mt since last week to $122-123/mt CFR in China, while the price for Australian Yandi fines with 58 percent iron content have declined by $6/mt to $113-114/mt CFR.
 
In the meantime, SteelOrbis has further learned that the price of Indian fines with 63-63.5 percent iron content has dropped by $7/mt as compared to last week to $127-129/mt CFR, while the price of Indian fines with 61-62 percent iron content has decreased by $6/mt to $118-120/mt CFR.