Author: Nidhi Awasthi
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India: Low-grade iron ore prices in Karnataka fall by INR 100/t ($1/t) w-o-w
Auction volumes remain low amid uncertain demand Steel sector slowdown restrains raw material uptake Karnataka’s iron ore market remained under pressure during the assessment period, as weak steel sector fundamentals and subdued buying sentiment weighed on both lower and higher-grade ore prices. Fe 57% fines were assessed at INR 2,600/t ($27/t) ex-mines, down INR 100/t…