Odisha-based major merchant iron ore miner Serajuddin and Co. has revised offers from its Balda iron ore block with effect from 15 Jun’21. The current offer price for lump ore (5-18 mm, Fe 63%) is heard at around INR 13,750/t, ex-mines (including royalty, DMF & NMET) and that for fines (Fe 63%) stands at INR 10,300/t, SteelMint learnt from sources. Offers for lumps have moved up by INR 1,250/t, while those for fines have increased by INR 800/t. Tight iron ore availability in Odisha during the rainy season and impending expiry of two merchant iron ore mines in Aug have lifted merchant iron ore offers.
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