India: Iron ore concentrate prices remain stable, market eyes OMC auction result

  • BigMint assessed Fe 63% iron ore concentrate prices at INR 4,850/t ($57/t) exw-Jabalpur, stable as against the last assessment on 14 May’25.
  • A deal for 10,000 t was recorded in this publishing window.
  • Market participants will be closely monitoring the outcome of OMC’s iron ore auction for price clarity. They expect a decline following the miner’s decision to reduce its base prices.

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