India: Iron ore concentrate prices rise by INR 350/t post OMC’s auction

  • SteelMint’s assessment of Fe 63% iron ore concentrate prices stands at INR 4,700/t exw-Jabalpur today, up by INR 350/t as against the last assessment on 14 Jan.
  • A significant hike in pellets prices post-strong response in OMC’s recent iron ore auction resulted in an increase in concentrate prices, SteelMint noted.
  • However, trades are yet to take place in the current offers.

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