Tag: India iron ore index

SteelMint: Odisha iron ore fines index rises INR 300/t, while market waits for OMC auction

Jul 9, 2022

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by

Indranath Jha

in Fines/Lumps

SteelMint’s weekly Odisha iron ore fines index (Fe 62%) moved up by INR 300/t w-o-w to INR 3,500/t ex-mines. The hike in pellet and sponge iron prices led to the hike in iron ore offers. Also, with the monsoons approaching, material availability is likely to remain tight. SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX,…