Tag: Odisha iron ore fines

SteelMint: Odisha iron ore fines index falls sharply by INR 1,200/t ($16) on declining offers

Aug 28, 2021

—

by

Indranath Jha

in Fines/Lumps

SteelMint’s weekly Odisha iron ore fines (Fe 62%) index has moved down by around INR 1,200/t to INR 6,900/t (ex-mines, including royalty, DMF and NMET). Recently, Odisha’s Essel mining has cut offers by around INR 1,600/t for Fe 62% fines. However, Essel’s lease expired on 26 Aug’21. The market expects a correction in offers by…