Record steel output, tight supply boost iron ore prices

Bhubaneswar : High global crude steel output and fall in iron ore shipments in June have supported ore prices at a time which is traditionally known as a lull season. In fact, ore prices have gone up by 3.5 per cent in past two weeks. This key raw material is currently trading at $143-145 a tonne at various ports in India, up from $138-140 a tonne quoted 15 days ago.