Odisha based merchant miner-Indrani Patnaik has reduced iron ore prices today (i.e. 14 Nov’15). The revised prices will be applicable from today onwards.
Miner has reduced prices of sized ore (5-18 mm, Fe 62%) by INR 250/MT and prices of fines (Fe 62%) have come down by INR 150/MT.
Indrani Patnaik iron ore prices w.e.f 14 Nov’15
| Size (mm) | Grade | Prices in INR/MT | Change |
| 5-18 (Cr) | 63 | 2,150 | -250 |
| 10-30 (Sc) | 62 | 2,050 | NA |
| Fines | 62 | 1,400 | -150 |
| Fines | 60 | 1,050 | NA |
Ex-mines prices inclusive of Royalty
NA: Not Available
Source: SteelMint Research
Yesterday, Serajuddin mines had revised iron ore prices and reduced lump prices by INR 300/MT and kept fines prices unchanged.
Following week (i.e. Week 47) is likely to notice revision in iron ore prices by other Odisha based major merchant miners.
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