Jan 1, 2011
SteeMint Exclusive
Essel Mining and Rungta mines , Orissa based miners increase Iron Ore prices by 4-5%, i.e. Rs 300/MT. These miners are known to be price setter in the sector, having one of the best quality of Iron Ore.
In our previous report we have mentioned that Iron Ore prices will move in the month of Jan by 5%. Previously NMDC announced a hike of 5% on its ore now its private miners which have increased their prices. We can see price hike by other miners as well.
Presently Iron Ore (5-18mm) of 65% Fe is quoted at Rs 7300/Mt ($163) on ex mines basis.
Reported by Richa Sharma (richa@steelmint.com)
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