India: Iron ore concentrate prices fall to over 4-month low in recent deal

  • SteelMint’s price assessment of Fe 63% iron ore concentrate stands at INR 5,050/t exw-Jabalpur today, down by INR 200/t as against the last assessment on 27 March. Prices are hovering at over 4-month low.
  • NMDC price cut, weak market sentiments from pellet and iron ore have weighed on concentrate offers.
  • A deal of 25,000 t was reported in this publishing window.