The prices of iron ore concentrates (Fe 63%) in Madhya Pradesh’s Jabalpur region have fallen by INR 50/t, w-o-w. SteelMint’s assessment for Fe 63% concentrates stands at INR 4,850/t exw. NMDC has rolled over iron ore prices for Nov’21. Buyers are expecting a further drop in concentrates prices due to declining sponge iron and pellet prices, which is keeping the market outlook bearish.
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