Rungta Mines Ltd, India’s largest merchant miner has cut Iron ore lump prices by INR 200/MT, whereas kept fines prices unchanged.
Lump prices in Odisha have witnessed reduction since last week over falling demand. Recently, major miners namely, Serajuddin Mines, KJS Ahluwalia and Essel Mining have cut lump prices by INR 200-350/MT.
Odisha Iron Ore Prices as on July 1, 2015
|
Miner |
Size | Grade (Fe %) | Prices in INR/MT | Change | |
| Ex-Mines | Loaded into | ||||
|
wagons |
|||||
| Rungta Mines | 5-18 mm | 65 | No Offers | – | |
| 5-18 mm | 63 | – | 4,950 | -200 | |
| 10-30 mm | 65 | – | No Offers | – | |
| 10-30 mm | 63 | – | 4,300 | -200 | |
| Fines | 63 | – | 2,250 | 0 | |
| Fines | 60 | – | 1,800 | 0 | |
| Essel Mining (Koira) | 10-30 mm | 61 | 2,850 | – | -200 |
| 5-18 mm | 62 | 3,850 | – | -200 | |
| 30-80 mm | 61 | 2,500 | – | -200 | |
| Serajuddin Mines | 5-18 mm | 63 | 3,550 | 4,000 | -350 |
| Fines | 63 | 1,500 | 2,050 | 0 | |
| Indrani Patnaik | Fines | 63 | – | 1,850 | 0 |
| KJS Ahluwalia | 5-18 mm | 63 | 3,800 | 4,250 | -200 |
| 10-30 mm | 62 | 3,000 | 3,450 | -100 | |
| Fines | 63 | 1,700 | 2,150 | 0 | |
| Kaypee Enterprises | 5-18 mm | 63 | 3,600 | 3,950 | -200 |
| 10-30 mm | 62 | 3,000 | 3,350 | -200 | |
| Fines | 63 | 1,700 | 2,050 | 0 | |
| K N Ram | 5-18 mm | 63 | 3,800 | 4,150 | 0 |
Prices including Royalty
Source: SteelMint
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