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Rupee, Firm Demand To Keep Domestic Iron Ore Prices Elevated In Near-term | Business Standard News

by business-standard.com posted 1week ago 9 views
The price outlook in the domestic market is the antithesis of global forecasts. : The rupee slump and strong demand from end-use industries will keep domestic iron ore prices elevated in the near-term, bucking the sobering trend in international ore prices. A report by ratings agency CRISIL says iron ore prices inside the country have been shored up by robust growth in domestic demand and elevated prices of pellets, an intermediate product. Over the past six years, benchmark prices of 62 per cent iron ore fines have remained range bound at $65-70 per tonne.

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