Few mines in Jharkhand such as KD Sharma and Rungta mines are expected to re-open on 3rd November.
“The mines remained closed for a long period of time but now they have attained clearances from the Environment Ministry and will start taking bookings from the first week of November”, said an Iron ore trader.
High prices of iron ore routed through e-auctions and issues linked to iron content in dispatches have prompted most of the steel and sponge iron-makers in Karnataka to procure ore from Jharkhand and Orissa. So, demand at present looks good and prices are expected to remain firm in the near term.
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