Indian iron ore spot prices keep soaring for 7 days in domestic and export market.
For 63.5/62 percent contained iron ore, the price is 4 percent higher in the last 3 days while iron ore lumps with 7 percent to 12 percent increase and iron fines by 4 percent to 6 percent in the domestic market during last week.
The price hike is due to the government constrained clamp on illegal iron ore mining which lead to surge in sponge iron and pencil ingot price in last 15 days.
On the other hand, Chinese's firming domestic prices and higher demand anticipation in 2010 also help the boost.

(Source:Yieh.com)