India: Iron ore concs prices stay firm on pending deliveries, NMDC's price hike

Source: Steelmint Jan 26, 2024 08:30

Active response in OMC auction, NMDC price hike support offers. Sellers expect further hike in offers later this week.

Iron ore concentrate prices in Jabalpur, central India, remained supported this week. Active response in OMC's recent iron ore auction followed by upward correction in Odisha iron ore prices have supported concentrate prices. Meanwhile, NMDC's recent iron ore price hike announcement has also kept offers supported, BigMint noted. BigMint's bi-weekly

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