Odisha’s largest merchant miner namely Rungta Mines has rolled over Iron ore prices.
Rungta Mines has rolled over Iron ore prices, which it had reduced by INR 300/MT and INR 400/MT from its Odisha & Jharkhand mines respectively on 10 Jan, 2015.
Earlier this month, the miner had been granted permission to enhance Iron ore production at its Oraghat mines to 5 MnT from 1.94 MnT and at its Sanindpur mines from 1.65 to 4.5 MnT.
Rungta Mines (Odisha) Iron Ore Prices
|
Size (mm) |
Grade |
Prices |
| 5-18 | 65 | 7,000 |
| 5-18 | 63 | 6,700 |
| 10-30 | 65 | 6,350 |
| 10-30 | 63 | 5,950 |
| Blue Dust/Fines | 63 | 3,300 |
| Blue Dust/Fines | 60 | 2,500 |
| Blue Dust/Fines | 57 | 1,925 |
Prices in INR/MT; as per loaded into wagons; including royalty
Source: SteelMint Research
At present, Serajuddin Mines is offering Fe 63% (5-18 mm) Iron ore at INR 5,950/MT and fines of similar grade at INR 3,050/MT (including royalty). Another major miner namely Indrani Patnaik is offering the material only within Odisha.
Indrani Patnaik Iron Ore Prices
|
Size (mm) |
Grade |
Prices |
| 5-18 (Cr) | 63 | 5,800 |
| 5-18 (Sc) | 63 | 5,300 |
| 10-30 mm (Sc) | 62 | 5,100 |
| Blue Dust/Fines | 62 | 2,950 |
| Blue Dust/Fines | 60 | 2,500 |
Prices in INR/MT; as per loaded into wagons; including royalty
Cr: Crushed, Sc: Screened
Source: SteelMint Research
Jharkhand Iron Ore Prices remain Unchanged: Rungta Mines is offering Fe 63% fines at INR 3,600/MT (as per loaded into wagons in Jharkhand).
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