Tag: Karnataka low-grade iron ore price

India: Low-grade iron ore prices in Karnataka drop INR 150/t ($2/t) w-o-w amid volatile market conditions

Feb 20, 2025

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by

Vaibhav Dubey

in Fines/Lumps

NMDC’s iron ore auctions witness decent response Drop in sponge iron prices raises concerns Domestic low-grade iron ore fines (Fe 57%) prices in Karnataka’s Bellary region continued to fall this week. BigMint’s weekly index for low-grade fines (Fe 57%) decreased w-o-w by INR 150/t ($2/t) to INR 2,700/tonne (t) ($31/t) ex-mines Bellary (excluding taxes). However,…