Tuesday, March 15,
According to Industry sources Iron Ore lumps prices might correct in the month of April..*
Major mines based in Orissa which have stopped production after exceeding production limits will be starting fresh in the month of April.
Sources said this will lead to over supply of Ore in the market and chances are high that major miners like Essel and Rungta will cut down their prices.
Presently buying interest is low from sponge manufacturers and blast furnaces as prices are not encouraging commented few miners.
Currently prices are hovering around Rs 5800-6200/MT for 5-18 mm 63 Fe grade on Ex mines basis.
Leave a Reply