India: Iron ore concentrate prices drop further by INR 50/t in recent deal

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BigMint’s assessment for Fe 63% iron ore concentrate stands at INR 4,000/t ($48/t) exw Jabalpur, down INR 50/t ($1/t) as against the last assessment on 7 Aug’24.
NMDC’s price cut along with bearish sentiments in pellet and Odisha iron ore markets continues to weigh on prices.
Around 12,000 t of deals were reported in this publishing window at INR 4,000/t ($48/t) exw.

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