Jul 1, Prices of Iron ore have gone down upto Rs 800/ MT on account of poor demand by sponge manufacturers by some of the pvt mine owners.
Other mine owners likely to reduce their ore prices soon looking at weak demand and low sponge Iron ore prices.
Revised Price w.e.f. 1st July 2010
Tarini Minerals (Deojhar Mines)
5-18mm – Rs 4,500/MT
10-40mm -Rs 3,200/MT
Fines – Rs 1,250/MT
Indrani Patnaik Mines
5-18mm -Rs 4,000/MT
10-40mm -Rs 3,000/MT
Fines- Rs 1,250/MT
All prices are on ex-mines basis, including royalty, taxes extra.
Reported by Richa Sharma (richa@steelmint.com)
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