India: Iron ore concentrates prices decline in recent trades

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SteelMint’s assessment of iron ore concentrates (Fe63%) in Madhya Pradesh’s Jabalpur has fallen by INR 400/t, w-o-w, to INR 4,100/t exw.
A deal for 20,000 t of concentrates was heard concluded at INR 4,500/t loaded to wagon.
Limited deals and low participation at recent SAIL iron ore auctions have put pressure on domestic iron ore prices.

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