India: Iron ore concentrate prices drop in a recent deal

  • SteelMint’s assessment for Fe 63% iron ore concentrate prices stands at INR 2,900/t exw-Jabalpur today, down INR 100/t as against the last assessment on 3 Aug’22. However, some offers were also heard at higher levels of INR 3,000/t.
  • Limited trade and fall in semis prices towards the weekend have pulled down concentrate prices.
  • A confirmed deal of around 50,000 t was recorded in this publishing window at INR 2,800/t exw.

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