India: Iron ore concentrate prices stay firm, market awaits NMDC price revision

  • BigMint’s assessment of Fe 63% iron ore concentrate prices remained stable at INR 5,700/t ($69/t) exw Jabalpur today against 21 Feb’24.
  • Active deals continued to support concentrate prices despite drop in pellet offers. Meanwhile, market awaits NMDC iron ore price revision to get better price clarity.
  • A 30,000 t confirmed deal was recorded at INR 5,700/t ($69/t) exw in this publishing window.