BigMint’s Odisha iron ore fines (Fe 62%) index remained stable w-o-w at INR 5,100/t ($55/t) ex-mines
At OMC’s auction for 2.344 mnt of iron ore (1.324 mnt fines and 1.02 mnt lumps, Fe 51-65%) on 20 March, around 1.286 mnt of fines and 0.991 mnt of lumps were booked at INR 3,700-5,500/t and INR 5,600-7,900/t ex-mines, respectively.
Mill Scale prices in Kandla decreased INR 100/t to INR 7,300/t DAP and Prices in Raipur fell INR 150/t to INR 5,850/t exw, Prices declined amid sluggish demand.
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