Author: Monika Bajaj
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SteelMint: Odisha iron ore index falls marginally on price pressure from imports
SteelMint’s weekly Odisha iron ore fines (Fe 62%) index decreased marginally by INR 50/t to INR 5,950/t (ex-mines, including royalty, DMF and NMET). Similarly, the index for iron ore lump moved down by INR 550/t, w-o-w. Declining global iron ore prices, drop in offers by a few merchant miners and resumption in sales of inventories…