Around 80,000 t of low-grade iron ore fines (Fe 57%) deals were concluded recently from Odisha, as per sources. Deals were heard concluded at around INR 2,600-3,300/t ex-mines, including taxes. Prices have witnessed a drop in the region after a decline in bid prices in OMC’s iron ore auction. On 27 Jun’24, Bigmint’s weekly low-grade fines index stood at INR 3,000-3,100/t ex-mines, including taxes.
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