Serajuddin Mines, a merchant miner and exporter based in Odisha, with an annual production capacity of around 4 million tonnes, have raised iron ore lumps price by Rs 250 per tonne, however kept iron fines prices unchanged.
Prices have moved up in line with other big miners like Rungta and Essel raising their offers earlier this month. Trade sources highlight that strong demand from sponge iron manufacturers and low production during monsoons has made miners to raise their offers.
Current offers stand at
5-18mm(CLO)-63%= Rs 4,750 (Ex Mines)
5-18mm(CLO)-63%= Rs 5,110 (Loaded to Wagons)
Fines– 63%= Rs 1,500/t (Ex Mines)
Fines– 63%= Rs 1,860/t (Loaded to Wagons)
Fines– 60%= Rs 1,100/t (Ex Mines)
Fines– 60%= Rs 1,460/t (Loaded to Wagons)
All prices including royalty.
Odisha is the largest iron ore producing state in the country which produced around 62 million tonnes of iron ore during FY'13.
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