India: Odisha’s Rungta mines cuts iron ore fines offers by INR 800/t

Odisha-based merchant iron ore miner, Rungta Sons Pvt Ltd., has slashed iron ore fines (Fe 62%) prices by INR 800/t and lump prices by around INR 2,000/t against last offers floated towards end-Nov’21, sources informed SteelMint. Revised offers:

• Fines (Fe 62%) – INR 5,200/t and fines (Fe 60%) – INR 4,000/t
• 5-18mm (Fe 62%) – INR 8,200/t
• 10-30mm (Fe 62%) – INR 7,700/t
• Prices are ex-mines, including royalty, DMF and NMET