India: High-grade ore scarcity lifts Karnataka benchmark fines; low-grade prices unchanged

Source: BigMint Jun 08, 2026 08:50

Miners optimistic as high-grade ore premiums strengthen. Auction slowdown tightens supply of quality iron ore

Low-grade iron ore prices in Karnataka remained largely stable in the week ended 4 June, reflecting subdued demand fundamentals across the downstream steel value chain. While Fe 57% fines continued to hover around INR 2,750/t ex-mines, benchmark Fe 62% fines gained INR 100/t w-o-w to INR 5,000/t, primarily driven

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