Sep1, Rungta mines ltd , one of the biggest mine owner based in Eastern India has raised its iron ore prices by Rs 350/mt on 5-18mm and 10-30mm material.
Most of the iron ore mines have been closed in Orissa after govt has issued show cause notice to 14 mines, which has caused acute shortage of iron ore in the market.
“There is an acute shortage of iron ore in the market” said of the sponge plant manufacturer based in west bengal. Most of the plants are shut on account of shortage of raw material added another sponge iron manufacturer in central India.
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Reported by Richa Sharma (richa@steelmint.com)
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