Odisha based merchant miner – Essel Mining has raised iron ore prices further on limited merchant availability. Lump prices have moved up by INR 500/t and that of fines by INR 300/t. After revision, offer of 5-18mm (Fe 62%) lump stands at INR 6,100/t ex-mines. Notably, this is miner’s 2nd price hike made in a week’s time.
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