India: Iron ore prices in Karnataka show mixed trends w-o-w amid limited trades

Source: BigMint Mar 24, 2025 08:30

Wide bid-offer gaps, muted demand hinder trades. NMDC Kumaraswamy's latest auction sees flat bids.

Domestic high-grade iron ore fines prices in Karnataka's Bellary region remained stable w-o-w, with BigMint's weekly index for the same (Fe 62%) unchanged at INR 4,800/tonne (t) ($56/t) ex-mines Bellary, inclusive of taxes. However, tags of the low-grade variant (Fe 57%) dropped w-o-w. BigMint's weekly index (Fe 57%) decreased by