Tag: India iron ore prices

SteelMint: Odisha iron ore fines index falls but market awaits price revision by merchant miners

Jul 10, 2021

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by

Indranath Jha

in Fines/Lumps

SteelMint’s weekly index for Odisha iron ore fines (Fe 62%) was assessed at INR 9,100/t (ex-mines, including royalty, DMF and NMET). The index decreased by around INR 500/t against the assessment conducted last week. Although Odisha-based merchant miners have not lowered offers, the market expects some price correction next week. According to sources, private merchant…