India: Odisha’s Serajuddin Mine lifts iron ore offer by INR 1,500/t ($20)

Odisha-based major merchant iron ore mine Serajuddin & Co. has revised offers from its Balda iron ore block w.e.f 12th May’21. The current offer price for lumps 5-18 mm (Fe 63%) is heard at around INR 12,500/t ex-mines (including Royalty, DMF & NMET) and that of fines (Fe 63%) at INR 9,500/t, SteelMint learned from sources. The company has raised offers following price hikes by other miners like Essel etc.