Iron ore miners in Odisha such as Rungta Mines & Indrani Patnaik have kept their Iron ore offers unchanged for March owing to stable demand and increase in supply.
Iron ore prices are reviewed twice in a month, but there is no change in Iron ore prices since last two month.
A source said, “There is demand for Iron ore in the market but unable to supply because of the state government rule of selling 50% Iron ore within state and 50% outside state. The demand for Iron ore is not too strong within the state, which restricted miners to increase the price.”
Current offers for Iron ore at Rungta mines & Indrani Patnaik
|
Rungta Mines |
||
|
Size |
Grade |
Prices(INR/MT) |
|
5-18 mm |
65 |
7,100 |
|
5-18 mm |
63 |
6,800 |
|
10-30 mm |
65 |
6,450 |
|
10-30 mm |
63 |
6,270 |
|
Fines |
63 |
2,650 |
|
Indrani Patnaik |
||
|
5-18mm |
63 |
5,200 |
|
Fines |
63 |
2,200 |
Rungta prices loaded to wagons; Indrani Ex-Mines prices
Source: SteelMint
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