Odisha based miners have raised fines prices by upto INR 400/MT. While, in Jharkhand, prices have moved up by INR 250/MT.
Amid acute scarcity of raw material prevailing in the domestic market, Odisha’s largest merchant miner – Rungta Mines has raised its fines prices. However, lump prices remain unchanged. Rungta Mines sold 10-30 mm at INR 5,000/MT (as per loaded into wagons) to Steel plants in Odisha.
Rungta Mines Iron Ore Prices
|
Size (mm) |
Grade |
Prices |
|
5-18 |
65 |
7,400 |
|
5-18 |
63 |
7,100 |
|
10-30 |
65 |
6,750 |
|
10-30 |
63 |
6,350 |
|
Blue Dust/Fines |
63 |
3,600 |
Prices in INR/MT; including royalty
Source: SteelMint Research
Essel Mining followed suit by increasing its fines prices by INR 300/MT. OMC’s first ever Iron ore e-auctions fetched high bids. Bid prices for lump & fines have moved up by 22% & 20% respectively via e-auctions.
Other miners namely Serajuddin mines & Indrani Patnaik are not offering Iron ore as of now. National Enterprises is offering 5-18 mm (Fe 61%) at INR 5,500/MT ex-mines. Ghanashyam Misra & Sons is offering raw material outside Odisha as well.
Rungta Mines (Jharkhand) Fines Prices up by INR 250/MT: Rungta (Jharkhand mines) has increased fines prices by INR 250/MT. Fe 63% fines are at INR 4,000/MT (as per loaded to wagons at Jharkhand).
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