“Limited availability of Iron Ore in states such as Odisha, Karnataka and Goa is a major issue. Rolling mills are using the substitute, Iron Ore Pellets in large quantities due to shortage of fines.
On account of this, we are offering Iron Ore Pellets at high prices”, said senior officials at JSPL, Adhunik Metaliks Ltd, Ardent Steel Ltd, Sarda Energy & Minerals Ltd, MSP Steel & Power Ltd and X india Steels Ltd.
By the mid of November, producers forsee a hike of Rs 300/MT more in Pellets offers as it is too early to anticipate any improvement in the demand and supply gap of iron ore.
Following is the increase in prices at various locations:
Barbil: Rs 500/MT
Tatanagar: Rs 400/MT
Keonjhar: Rs 200/MT
Raipur: Rs 200/MT
Jharsuguda: Rs 200/MT
Bellary: Rs 150/MT
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