Morning Brief: India’s exports of iron ore, excluding pellets, dropped 10% y-o-y in calendar year 2024 (CY’24). Iron ore exports fell to a little under 30 million tonnes (mnt) from over 33 mnt in CY’23, as per latest data available with BigMint. Shipments had reached a three-year high in CY’23 after the government rescinded a 50% […]
Iron ore prices in Odisha remained under pressure in the first week of CY’25 following lower bids from buyers for raw material purchases. A few miners reduced their prices by INR 200-300/t to encourage trade amid muted buying interest. However, buyers appear to be holding back, anticipating further price reductions before committing to new deals. […]
Iron ore prices in Odisha remained under pressure in the first week of CY’25 following lower bids from buyers for raw material purchases. A few miners reduced their prices by INR 200-300/t to encourage trade amid muted buying interest. However, buyers appear to be holding back, anticipating further price reductions before committing to new deals. […]
Iron ore prices in Odisha remained under pressure this week as the domestic pellet, sponge iron and steel markets continued their downtrend. Market participants attribute this to a lack of confidence among steelmakers in procuring raw materials at prevailing rates. The ongoing slump in iron ore export prices further weighed on raw material prices in […]