Odisha : Essel Mining Increases Iron Ore Prices Up to INR 250/MT

The miner in its latest price revision has today (i.e. 12 Jan’17) raised lump prices by INR 250/MT and fines prices by INR 100/MT .

It is to be noted that Essel Mining reduced lump prices by INR 250/MT and fines by INR 100/MT on 01 Dec’16. Later on 29 Dec’16, Essel Mining announced hike in iron ore lump prices by INR 275/MT and fines prices by INR 125/MT.

On the other hand, other major merchant miners in Odisha who had kept iron ore prices unchanged through out the month of Dec’16 raised iron ore prices by INR 150-300/MT in Jan’17.

So far in this fiscal (till Nov’16) Odisha’s iron ore production touched 59.4 MnT. Out of this, share of Essel Mining was 2.38 MnT.

Essel Mining (Koira) iron ore prices

Prices inclusive of Royalty, DMF and NMET w.e.f 12 Jan’17
Source: SteelMint Research