Since the beginning of this week, Odisha’s merchant miners Serajuddin Mines and Rungta Mines have been seen reducing lump prices. Following the suite, other miners have also reduced their lump offers.
Essel Mining has cut lump prices by INR 200/MT and kept fines prices unchanged. Indrani Patnaik has also reduced lump prices by INR 300/MT.
Current Offers
|
|
Size (mm) | Grade (Fe %) | Prices in INR/MT |
|
| Essel Mining | 5-18 | 62 | 2,600 | -200 |
| 10-30 | 61 | 1,950 | -200 | |
| Fines | 63 | 1,625 | 0 | |
| Indrani Patnaik | 5-18 | 63 | 2,400 | -300 |
| Fines | 62 | 1,550 | 0 |
Ex-mines prices in INR/MT including Royalty
Source: SteelMint Research
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