Author: Nidhi Awasthi
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India: Low-grade iron ore prices in Karnataka remain steady w-o-w amid weak trade activity, cautious buying
Bid realisation weaker than expectations Buyers resist aggressive procurement BigMint’s weekly assessment highlighted a firm undertone in Karnataka’s iron ore market, with low-grade fines (Fe 57%) holding strong at INR 2,700/t ($30/t) ex-mines and Fe 62% grade fines steady at INR 5,150/t ($57/t), both unchanged week-on-week. While prices appear stagnant on the surface, they are…