India: Iron ore concentrate prices inch down by INR 100/t ($1/t) in recent deal

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BigMint’s assessment for Fe 63% iron ore concentrate stood at INR 4,800/t ($56/t) exw-Jabalpur, marking a fall of INR 100/t ($1/t) w-o-w.
A 5,000 t deal was recorded in this publishing window.
Market participants are eagerly anticipating NMDC’s price revision to gain insights into future trends, as buyers’ bids have already declined to INR 4,500-4,600/t ($53-54/t) exw.

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