October 13,
Shri RP sao iron ore mines based in Guali , Orissa has increased its iron ore fines prices by Rs 250/MT. Spot Iron ore fines in China have gained momentum post Chinese national holidays. Prices are touching $158-159/MT CFR China for 63.5 grade Iron ore. Looking at the market conditions we have increased our iron ore fines prices said a mines official.High grade Iron ore fines in that sector is available at 1900-2200/MT.
Though booking for 5-18mm and 10-30mm iron ore have not been opened looking at previous commitment by the mines owners.
Reported by: Richa Sharma
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