Author: P Anjali
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SteelMint: Odisha iron ore fines index rises to over 7-month high
SteelMint’s weekly Odisha iron ore fines (Fe 62%) index increased by INR 350/t to INR 4,850/tonne (t) ex-mines (including royalty, DMF and NMET). The index rose to over seven-month high as similar price levels were seen in mid-May 2022. The majority of merchant miners raised offers on tight availability and hike in pellets offers. Rationale:…