Following the suit, Odisha’s 2nd largest merchant iron ore miner – Serajuddin Mines has today revised iron ore prices. The miner has raised lump prices by INR 300/MT and fines prices by INR 200/MT.
Serajuddin Mines has EC limit of 15.15 MnT pa. The miner produced 10.89 MnT iron ore in FY17.
Odisha iron ore prices have moved up amid sharp increase in sponge iron prices. C-DRI prices in eastern India have moved up by about INR 2,400-2,800/MT M-o-M. C-DRI (78 FeM ) prices in Durgapur are presently hovering at INR 18,600/MT delivered.
Serajuddin Mines Iron Ore Prices
| Size | Grade (Fe %) | Prices | Change |
| 5-18 mm |
63 |
3,000 |
+300 |
| Blue Dust/Fines |
63 |
1,300 |
+200 |
Ex-mines prices in INR/MT including Royalty, DMF & NMET w.e.f 18 Aug’17
GST@5% extra
Source: SteelMint Research
Another Odisha based major merchant miner – Essel Mining has announced price hike in iron ore today. It has increased lump prices by INR 300/MT and fines by INR 150/MT.
Essel Mining (Koira) iron ore prices
| Size | Grade (Fe %) | Prices | Change |
| 5-18 mm | 62 | 3,300 | +300 |
| 10-30 | 63 | 3,200 | +300 |
| Fines | 63 | 1,250 | +150 |
Ex-mines prices in INR/MT including Royalty, DMF & NMET w.e.f 18 Aug’17
GST@5% extra
Source: SteelMint Research
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