Author: Nidhi Awasthi
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India: Iron ore prices stay supported in Karnataka on high-grade ore shortage
Coal price surge lifts sponge iron production costs Higher-grade ore gains support amid limited availability Karnataka iron ore prices remained supportive amid elevated coal prices, firm sponge iron prices and healthy downstream demand. However, market sentiment remained sharply grade-sensitive, with low-grade fines continuing to face demand constraints, while limited availability and strong preference for higher-grade,…