Rungta Mines and Indrani Patnaik cut iron ore prices by INR 100-300/MT.
Odisha based merchant miners, namely, Essel mining, Serajuddin mines and KJS Ahluwalia reduced iron ore prices earlier last week. Miners have cut offers looking at the subdued demand from sponge iron manufacturers and pellet makers.
Rungta Mines has also reduced iron ore lump prices by INR 300/MT and fines (Fe 63%) prices by INR 100/MT.
Current Offers of Rungta Mines w.e.f 13 Aug’15
|
|
Grade |
Prices in INR/MT |
|
| 5-18 mm | 65 | No Offers | – |
| 5-18 mm | 63 | 4,650 | -300 |
| 10-30 mm | 65 | No Offers | – |
| 10-30 mm | 63 | 4,000 | -300 |
| Fines | 63 | 2,150 | -100 |
| Fines | 60 | 1,800 | 0 |
Prices as per loaded to wagons & including Royalty
Source: SteelMint
Similary Indrani Patnaik also reduced iron ore prices by INR 100-300/MT.
Current Offers of Indrani Patnaik w.e.f 11 Aug’15
|
|
Grade |
Prices in INR/MT |
|
| 5-18 mm | 63 | 3,350 | -300 |
| 10-30 mm | 63 | 3,000 | -300 |
| Fines | 62 | 1,750 | -100 |
Prices as per loaded to wagons & including Royalty
Source: SteelMint
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