India: Iron ore concs offers hit 8-m high on pending deliveries, higher pellet offers

Source: Steelmint Dec 29, 2023 08:30

Hike in pellet offers continues to support prices. Buyers hesitant to book at current offers. Falling sponge prices could become a matter of concern.

Iron ore concentrate prices in Jabalpur, central India, witnessed an increase this week amid favourable sentiments from pellet and Odisha iron ore markets. Although offers have witnessed an increase of around INR 250-350/t ($3-4/t) to INR 5,400-5,600/t exw, no active bookings have been heard yet. Meanwhile, few buyers are still