Prices of iron ore concentrates in Madhya Pradesh’s Jabalpur have fallen by INR 200/t, w-o-w. SteelMint’s assessment for Fe 63% concentrates stands at INR 3,900/t exw. A bulk deal was heard at INR 3,800/t, loaded by a central India-based player. Key buyers continue to bid on the lower side after the recent price cut of INR 500/t for iron ore fines announced by NMDC on 28 Dec’21.
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