India: Iron ore concentrate prices stay firm, market awaits OMC auction results

  • BigMint’s assessment of Fe 63% iron ore concentrate prices remained stable at INR 5,700/t ($69/t) exw Jabalpur today against 14 Feb’24.
  • Active deals continued to support concentrate offers. Meanwhile, market awaits OMC iron ore auction results to get better price clarity.
  • An 8,000 t confirmed deal was recorded at INR 5,700/t ($69/t) exw in this publishing window.