India: Iron ore concentrate prices drop amid bearish sentiments

  • BigMint’s assessment of Fe 63% iron ore concentrate prices declined INR 150/t to INR 5,500/t exw Jabalpur today against 13 Mar’24. However, deals are yet to be concluded as buyers are eyeing further correction.
  • Weak sentiments in the pellet and Odisha iron ore markets have pushed offers lower. Meanwhile, the market is waiting for upcoming OMC auction base price revision for price clarity.