India: Iron ore concentrates prices rally on active deals, rising pellet offers

Prices of iron ore concentrates in Madhya Pradesh’s Jabalpur have risen by INR 550-650/t, w-o-w. SteelMint’s assessment for Fe63% concentrates stands at INR 4,300-4,400/t exw. Deals for around 45,000 t were heard this week for buyers in western and central India. Concentrates prices remain supported due to the continous rise in pellets and sponge iron prices.


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