Tag: India iron ore index

SteelMint’s weekly Odisha iron ore fines index (Fe 62%) fell further by INR 400/t w-o-w to INR 3,600/t ex-mines. Post-export duty hike, many buyers are reluctant to buy material under the current uncertain market conditions and lower plant capacity utilization. Miners were seen actively offering lower grade ore Fe 57-59% to clear the existing inventories.…