India: Iron ore concentrate prices stay supported in recent deal

  • BigMint’s assessment for Fe 63% iron ore concentrates stood at INR 4,200/t ($50/t) exw-Jabalpur. However, some offers were also heard at INR 4,400-4,500/t exw ($52-54/t).
  • Deals of around 12,000 t were reported at INR 4,100/t ($49/t) exw.
  • NMDC’s price hike and rising pellet and iron ore prices kept iron ore concentrate prices supported.

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