Odisha’s Essel Mining has lowered offers for iron ore by up to INR 1,600/t today. Prices of lump ore have been reduced by INR 1,000/t and that of fines by INR 700-1,600/t, sources informed SteelMint. The revised offers:
- Fines (Fe 62%): INR 7,000/t
- 5-18mm lumps (Fe 63%): INR 11,700/t
Prices are ex-mines, including royalty, DMF and NMET. Notably, Essel’s Koira iron ore mining lease will expire on 26 Aug’21.
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