India: Chandrapur iron ore fines offers drop by INR 450/t

  • Iron ore fines (0-10mm, Fe 63%) offers in Chandrapur, Maharashtra, fell by INR 450/t.
  • Current offers stood at INR 5,550/t as against INR 6,000/t FOR Balharshah assessed on 20 Mar’24. However, lumps offer remained stable at INR 8,800/t FOR Chandrapur.
  • NMDC’s recent iron ore price drop along with m-o-m fall in bids in OMC’s auction have weighed on Chandrapur offers.