Odisha based merchant miner-Kalinga Mining Corporation (KMC) has also slashed iron ore prices. The miner has cut lump prices by INR 400/MT and fines prices by INR 50/MT.
The miner had last revised prices in the mid of Nov’15. Weak buying from sponge iron manufacturers continue to pressurize iron ore prices.
KMC iron ore prices
|
|
Grade (Fe %) | Prices in INR/MT |
|
| 5-18 | 62 | 1,850 | -400 |
| 10-30 | 60 | 1,850 | -400 |
| Fines | 60 | 1,050 | -50 |
Ex-mines prices in INR/MT & inclusive of Royalty
Source: SteelMint Research
Today, Serajuddin mines has also revised its prices whereby the miner has lowered lump prices by INR 150/MT. Current offers are as follows- 5-18 mm (Fe 63)-INR 2,150/MT and fines (Fe 63): INR 1,450/MT (prices mentioned are ex-mines & inclusive of Royalty).
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