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Spot iron ore prices hit $142 cfr

March 12, 2010 - 09:11 GMT Location: Shanghai

KEYWORDS: Import , Iron ore , India , China

Spot iron ore prices returned to above $140 per tonne cfr China on Friday as steelmakers started buying again, encouraged by an upturn in steel prices.

Prices jumped to $141-142 per tonne cfr for 63.5% Fe Indian fines as transaction volumes improved, with offers rising to $145 cfr, up from bookings of $137-138.5 cfr last Friday. This includes the top bid of $113 per tonne fob for 63.5% Fe Sesa Goa material,...

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