Serajuddin Mines has reduced lump prices by INR 350/MT and fines prices by INR 100/MT.
Odisha based merchant miner, Serajuddin Mines has reduced lump prices by INR 300/MT, and fines prices by INR 100/MT. The miner is currently offering material only on ex-mines basis. Current fright rates are as follows-Nayagarh Siding -INR 189/MT, Juruli Siding-INR 196/MT and Banspani Siding- INR 300/MT. It had last cut prices on 11 Aug’15, since then prices have remain unchanged.
Serajuddin Mines Iron Ore Prices w.e.f 10 Sept’15
|
Size |
Grade | Prices (Ex-mines) | Change | |
| in INR/MT |
in USD/MT |
|||
| 5-18 mm | 63 | 2,900 | -350 | -5 |
| Blue Dust/Fines | 63 | 1,400 | -100 | -2 |
Ex-mines prices in INR/MT including Royalty
Source: SteelMint Research
The company has EC limit of 15.15 MnT pa and has dispatched 4.5 MnT iron ore till Aug’15. Thus prices witnessed reduction in order to boost dispatches. Booking for fines has remained decent but demand for lump is comparatively less.
Prior to this, other major miners namely Rungta Mines, Essel Mining, KJS Ahluwalia and Kaypee Enterprises had also reduced prices by upto INR 400/MT.
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