Odisha’s Essel Mining has raised offers for iron ore fines further by INR 500/t today. However, lump prices remain unchanged, sources informed SteelMint. Owing to prevailing supply constraints in Odisha’s merchant market, iron ore prices are on the rise, SteelMint notes. The revised offer for fines (Fe 62%) stands at INR 9,600/t (ex-mines, including royalty, DMF and NMET). Notably, Essel’s Koira iron ore mining lease will expire on 28 Aug’21.
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