Rungta Mines reduced lump prices by INR 200-350/MT and fines prices by INR 100/MT today.
Odisha based merchant miner, Rungta Mines, has cut iron ore prices further. It had last revised its prices on 28 Aug’15. Lump prices have been reduced by INR 200-350/MT and fines prices by INR 100/MT.
Rungta Mines Iron Ore Prices w.e.f 15 Sept’15
|
Size |
Grade | Prices in INR/MT |
Change |
| 5-18 mm | 62 | 3,150 | -350 |
| 10-30 mm | 62 | 3,000 | -200 |
| Fines | 62 | 1,650 | -100 |
Prices as per loaded to wagons & inclusive of royalty
Source: SteelMint Research
Odisha based major merchant miners had cut iron ore prices earlier this month to improve dispatches. Industry participants anticipate further cut of INR 200-300/MT in iron ore prices in the short term if no significant improvement is noticed in dispatches.
Odisha Iron Ore Prices as on 15 Sept’15
|
|
Size | Grade (Fe %) |
|
| Essel Mining (Koira) | 10-30 mm | 61 | 2,200 |
| 5-18 mm | 62 | 2,950 | |
| 30-80 mm | 61 | 2,000 | |
| Fines | 63 | 1,475 | |
| Serajuddin Mines | 5-18 mm | 63 | 2,900 |
| Fines | 63 | 1,400 | |
| Indrani Patnaik | 5-18 mm | 63 | 2,700 |
| KJS Ahluwalia | 5-18 mm | 63 | 3,200 |
| 10-30 mm | 62 | 2,550 | |
| Fines | 63 | 1,500 | |
| Kaypee Enterprises | 5-18 mm | 63 | 3,000 |
| 10-30 mm | 62 | 2,550 | |
| Fines | 63 | 1,550 |
Prices inclusive of royalty
Source: SteelMint Research
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