India: Iron ore concentrate prices inch up

  • SteelMint’s assessment for Fe63% iron ore concentrate prices stands at INR 3,100/t exw-Jabalpur today, up INR 50/t as against the last assessment on 17 August. However, some offers were also heard at INR 3,500/t.
  • Tight availability amid monsoons supported prices.
  • A confirmed deal of around 30,000 t was recorded by a prominent buyer in this publishing window, at INR 2,900/t exw.

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