Odisha’s Essel Mining has been granted six months’ time to clear out the iron ore stocks after its lease expired on 26 Aug’21. The company has an inventory of around 2-3 mn t, out of which 40% are iron ore lumps and the rest fines. The material is of grade ranging from Fe 60% to Fe 62%. Also, the miner lowered iron ore offers last week up to INR 1,600/t, as per SteelMint reports.
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