India: Iron ore concentrate prices stay firm but outlook subdued

Source: Steelmint Mar 29, 2024 10:00

Prices under pressure after NMDC cut. Weak sentiments prevail in Odisha post-OMC auction. Buyers expect further drop in concentrates prices.

Iron ore concentrate prices in Jabalpur, central India, remained unchanged this week. NMDC's price cut announcement last week along with declining prices in Odisha and the falling trajectory of BigMint's low-grade iron ore export index have put further pressure on concentrate prices. BigMint's bi-weekly index for Fe 63% concentrate currently

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