- New mining policies, Shah commissions visit and less supply of fines resulted in price rise of Rs 200/MT in Odisha.
- Huge demand from Odisha buyers on demand supply mismatch of Pellets and fines raised offers by Rs 700/MT in Raipur, 30,000 tons have been sold out.
- 2,000 tons of Pellets is being offered at Rs 8,200/MT at Jharsuguda. Prices might be same as large tonnage has need sold.
- It is offered slightly higher at Rs 7,600-800/MT in Bellary.
- Senior official at Sarda Energy & Minerals Ltd said, “Prices should be stable the next week as NMDC is to reduce iron ore lumps prices by 5-10% in start of Nov and it looks difficult that iron ore supply issues will be resolved”.
- Offers might rise further in Odisha if miners don't favour Shah Commissions report and remain same at Jharsuguda.
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