Tag: India iron ore prices

India: SteelMint’s Odisha iron ore fines index falls to three-month low

May 14, 2022

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by

Indranath Jha

in Fines/Lumps

SteelMint’s weekly Odisha iron ore fines index (Fe 62%) fell by INR 100/t w-o-w to INR 5,550/t ex-mines. Owing to low demand, fall in pellet and sponge prices has put Odisha iron ore prices under pressure, the index hitting a three-months low. Rationale: T1- No deal has been reported for Fe 62% fines, hence, T1…