Odisha’s Essel Mining has lowered offers for iron ore offers by upto INR 2,000/t today. Prices of lump ore have moved down by INR 2,000/t and that of fines by INR 1,000/t, sources informed SteelMint. The revised offers:
- Fines (Fe 62%): INR 8,600/t
- Lumps (Fe 63%): INR 12,700/t
Prices are 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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