Following the suit, another Odisha based merchant miner – Essel Mining has today raised iron ore lump prices by INR 300/MT (USD 5/MT). However fines prices remain unchanged.
Major merchant miners in Odisha have increased iron ore lump offers since last week up to INR 300/MT. Amid sharp increase in sponge iron prices, Odisha based miners had raised iron ore prices.
Odisha iron ore prices as on 01 Mar’17
|
Miner |
Size (mm) | Grade (Fe%) | Prices in INR/MT |
M-o-M |
| Rungta Mines (Joda)* | 5-18 | 62 | 3,900 | +300 |
| 10-30 | 62 | 3,650 | +250 | |
| Fines | 63 | 1,675 | 0 | |
| Serajuddin Mines | 5-18 | 63 | 3,000 | +300 |
| Fines | 63 | 1,350 | 0 | |
| Essel Mining (Koira) | 5-18 | 62 | 3,350 | +300 |
| 10-30 | 61 | 3,250 | +300 | |
| Fines | 63 | 1,275 | 0 | |
| KJS Ahluwalia | 5-18 | 63 | 3,200 | +300 |
| 10-30 | 61 | 3,000 | +250 | |
| Fines | 63 | 1,375 | 0 | |
| Kaypee Enterprises | 5-18 | 63 | 3,100 | +300 |
| 10-30 | 62 | 2,900 | +250 | |
| Fines | 63 | 1,385 | 0 |
Ex-mines prices in INR/MT
*Prices as per loaded to wagons & inclusive of Royalty, DMF & NMET
Source: SteelMint Research
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