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India: Iron ore concs prices under pressure following OMC auction

Source: Steelmint Aug 23, 2024 10:00

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Bids drop m-o-m in OMC's iron ore fines auction. Weak downstream market affects prices.

Iron ore concentrate prices in Jabalpur remained stable this week. Limited trading activities, a decrease in Odisha Mining Corporation's (OMC's) bids, and weak market sentiment for pellets and iron ore have influenced prices. BigMint's weekly iron ore concentrate index was steady at INR 4,000/tonne (t) ($48/t) ex-works, unchanged from the

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