Tag: SteelMint Morning Brief
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What factors are driving down Indian iron ore prices?
Average Indian iron ore prices have fallen by around 25% since the last week of Jun’21. Fines of Fe 62% have corrected downward from almost INR 9,600/t to INR 7,000/t levels in Odisha recently while lumps (5-18mm, Fe 63%) have dived down more sharply from above INR 14,000/t to around about INR 11,500-12,000/t ex-mines, incld…