Odisha’s largest merchant miner, Rungta Mines held its Iron ore prices unchanged for rest of October, 2014.
Rungta Mines, which had produced 12.8 MnT Iron ore in FY14, has maintained its Iron ore prices at the same level. The miner had last increased its prices in Sep’14 post royalty hike notification since then prices have been stable 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 |
3,200 |
Prices in INR/MT; including royalty
Source: SteelMint Research
Another major merchant Iron ore miner, Essel Mining held its offers unchanged. Serajuddin Mines still remains closed. Indrani Patnaik, which was offering raw material within Odisha, has kept its bookings closed as of now and likely to resume bookings next month. The domestic Iron ore market has remained stable over last couple of weeks.
Iron Ore Prices remain Stable in Jharkhand: Rungta (Jharkhand mines) held Iron ore fines prices stable. Fe 63% fines are at INR 3,750/MT (as per loaded to wagons at Jharkhand).
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