Tag: India iron ore

SteelMint: Odisha iron ore fines index rises INR 50/t; market waiting for OMC auction result

Jan 14, 2023

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by

Indranath Jha

in Fines/Lumps

SteelMint’s weekly Odisha iron ore fines (Fe 62%) index rose marginally by INR 50/t to INR 4,900/tonne (t) ex-mines (including royalty, DMF and NMET). The market witnessed limited trade activities this week as the majority of buyers are waiting for the outcome of OMC’s auction scheduled next week. Rationale: T1- No deal was reported for…