Odisha’s 2nd largest merchant miner -Serajuddin Mines has today announced price hike in lump and fines by INR 300/MT (USD 4) each. The miner has production capacity of 15.15 MnT p.a
Serajuddin mines is Odisha’s 2nd largest merchant miner and produced 9.03 MnT iron ore in FY’18. The miner’s production for the month of May’18 recorded at 0.56 MnT.
Serajuddin Mine Iron Ore Prices
| Material Type (Size mm) | Grade (Fe %) | Prices in INR/MT |
| Fines | 63% | 2,650 |
| 5-18 mm | 63% | 5,300 |
Prices mentioned are ex-mines, inclusive of Royalty, DMF & NMET, GST extra w.e.f. 02 July’18
Prices mentioned above for one rake. However, miners are giving quantity discounts on bulk purchases
Source: SteelMint Research
Major Odisha merchant miners- Rungta Mines, KJS Ahluwalia and Kaypee Enterprises have also increased iron ore prices today (2nd July’18).
For more details on prices, Click here
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