The miner has reduced lump prices by INR 250/MT and fines prices by INR 100/MT.
After witnessing stability since last two months, iron ore prices of Odisha based merchant miner – Essel Mining has fallen.
According to market sources report to SteelMint, iron ore prices in Odisha have come down amid limited buying interest over liquidity crunch post demonetization.
In first seven months of this fiscal (i.e. Apr’16-Oct’16), miner’s iron ore production was recorded at 2.09 MnT.
Essel Mining (Koira) iron ore prices as on 01 Dec’16
|
Size (mm) |
Grade (Fe %) | Prices in INR/MT |
Change |
| 5-18 | 62 | 2,450 | -250 |
| 10-30 (Sc) | 61 | 2,350 | -250 |
| Fines | 63 | 1,050 | -100 |
Ex-mines prices & inclusive of Royalty, DMF and NMET
Source: SteelMint Research
Other merchant miners in Odisha are yet to take a call on prices and it is expected that within couple of days other miners may also revise prices.
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