Author: Vaibhav Dubey

India: Low-grade iron ore index drops w-o-w as market awaits NMDC Donimalai price revision

Jun 20, 2024

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by

Vaibhav Dubey

in Fines/Lumps

Recent auctions witness weak response Weak sponge iron market weighs on prices Onset of monsoon to put pressure on prices Domestic low-grade iron ore fines (Fe 57%) prices witnessed a drop this week in Karnataka’s Bellary. BigMint’s weekly index for low-grade iron ore fines (Fe 57%) stood at INR 3,300/t ($39/t) ex-mines Bellary (excluding taxes),…