Odisha-based merchant iron ore miner, Rungta Sons Pvt Ltd., has slashed iron ore fines (Fe 62%) prices by INR 1,000/t ($13), sources informed SteelMint. Offers have inched down on decreasing offers by other miners and decline in pellet offers. Revised offers are as follows:
- Fines (Fe 62%) – INR 8,800/t
- Fines (Fe 60%) – INR 7,100/t
- 5-18mm (Fe 62%) – INR 12,700/t
- Prices are ex-mines, including royalty, DMF and NMET.
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