India: Odisha’s Rungta mines hikes iron ore fines offers by up to INR 500/t

Leading Odisha-based merchant iron ore miner Rungta Sons Pvt Ltd has increased iron ore fines (Fe 62%) prices by INR 500/t ($7), sources informed SteelMint. Revised offers are as follows:

• Price of fines (Fe 62%) stands at INR 9,800/t
• Fines (Fe 60%) price is currently at INR 8,100/t
• Prices are ex-mines, including royalty, DMF and NMET
• The company produced 10 mn t of iron ore in FY’21.