India: Serajuddin Mines reduce Iron Ore Prices by INR 300-500/MT

Odisha based Serajuddin Mines has further reduced Iron ore lump prices by INR 500/MT and fines prices by INR 300/MT.

Serajuddin Mines has reduced Iron ore prices by upto INR 500/MT. The miner had last reduced prices on 27 Jan, 2015 by upto INR 600/MT. Constant decline in domestic Iron ore prices and slowdown in sales are the reasons behind price correction.

Rungta Mines had last reduced Iron ore prices on 28 Jan, 2015 by upto INR 800/MT both in Odisha & Jharkhand. Other merchant miners namely Essel Mining & Indrani Patnaik had also cut their offers.

Serajuddin Mines Iron Ore Prices

Ex-mines prices in INR/MT;  including royalty
Source: SteelMint Research