Prices of iron ore concentrates (Fe 63%) in Jabalpur have remained stable at INR 6,000-6,500/t exw. Domestic iron ore fines prices have corrected by around INR 650/t in Odisha. Buyers, expecting further fall in concentrate prices, are hesitant in placing fresh orders. A few buyers are getting offers for iron ore concentrate below INR 6,000/t, which has kept the outlook bearish.
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