Serajuddin mines and co, an Odisha based large miner has cut its iron ore lumps offer by Rs 300/t w.e.f 14th September. Iron fines prices are kept unchanged.
Prices have been cut looking at weak demand from sponge manufacturers and falling steel prices reported local iron ore traders.
Current offers are
5-18mm (63%)= Rs 5,900/t (Ex-Mines)
5-18mm (63%)= Rs 6,200-6,250/t (Loaded to Wagons)
Fines (63%)= Rs 1,900/t (Ex-Mines)
Fines (63%)= Rs 2,200-2,250/t (Loaded to Wagons)
Prices Including Royalty, Taxes Extra.
Few days back NMDC, India's largest iron ore producer raised its prices by 13% which surprised the market.
Leave a Reply