Author: Nidhi Awasthi

Lower sponge iron prices continue to pressure ore market NMDC auction to determine near-term market direction Iron ore prices in Karnataka continued to face downward pressure in the week ended 7 May amid weak market fundamentals and subdued buying interest. Low-grade fines (Fe 57%) declined by INR 50/t ($0.5/t) w-o-w to INR 2,450/t ($26/t) ex-mines,…