India: Iron ore concentrates prices drop on weak market sentiments

  • Prices of iron ore concentrates (Fe 63%) in Madhya Pradesh’s Jabalpur have fallen by INR 550/t against last week. SteelMint’s assessment for the current week stands at INR 5,700/t exw.
  • A 20,000 t deal for concentrates (Fe 63%) was heard at INR 5,400/t, loaded by a central India-based player.
  • Due to iron ore fines price correction in Odisha, buyers are not showing much interest in placing orders.

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