India: Market Active on Odisha Iron Ore Fines Trades

Since lock-down, limited buying was seen in Odisha iron ore market as mills had either suspended or curtailed operations. Also, the majority of them are holding inventories with them, resulting in limited fresh bookings. According to the recent reports received to SteelMint, few trades of fines have been concluded recently.

One of the major steelmakers has concluded around 150,000 MT iron ore fines (Fe 62/61%) from Odisha miners at INR 1,600-1,700/MT (ex-mines, including Royalty, DMF, & NMET) recently. Last week, a renowned trader from Odisha also booked Fe 62% iron ore fines from the same mines at a similar