India: Iron ore concentrate prices rise to 4-month high in recent deals
- BigMint's price assessment for Fe 63% iron ore concentrates stood at INR 4,700/t ($56/t) exw-Jabalpur, up INR 200/t ($2/t) as against 16 Oct'24.
- Prices are almost at a 4-month high, following increased offers after the OMC iron ore auction.
- Deals of about 30,000 t were reported at the new offers, with some trades finalised at the lower prices prevailing before the OMC auction.