Odisha based merchant miner, KJS Ahluwalia has cut iron ore prices by INR 200-350/MT. The miner has reduced prices over reduced bookings. The miner has dispatched about 0.23 MnT iron ore in July’15.
KJS Ahluwalia Offers
|
|
Grade | Prices |
|
| 5-18 mm | 63 | 3,450 | – 350 |
| 10-30 mm | 62 | 2,800 | -200 |
| Fines | 63 | 1,500 | -200 |
Ex-mines prices; inclusive of royalty
Source: SteelMint Research
Kaypee Enterprises Offers
|
|
Grade | Prices |
|
| 5-18 mm | 63 | 3,300 | -300 |
| 10-30 mm | 62 | 2,600 | -400 |
| Fines | 63 | 1,600 | -100 |
Ex-mines prices; inclusive of royalty
Source: SteelMint Research
Prior to this, two major miners of Odisha namely Essel Mining and Serajuddin mines had reduced iron ore prices. Declining iron ore prices in Odisha might put other miners under pressure to cut offers.
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