India: Iron ore concentrate prices stay firm in recent deals

  • SteelMint’s price assessment of Fe 63% iron ore concentrate stood at INR 4,200/t ($50/t) exw-Jabalpur today, stable as against the last assessment on 17 April.
  • Active participation in recent OMC iron ore auction, recovery in pellet and iron ore prices followed by hike in sponge and steel prices have kept concentrate offers supported.
  • Around 30,000 t deals at INR 4,200/t ($50/t) exw were reported in this publishing window.