Iron ore miners in Odihsa, which is the largest iron ore producing state in India, might keep prices unchanged for September, reported industry sources.
“Prices are being reviewed by management, but I do not see much of a chance of prices going down,due to factors like, hike in iron ore prices by NMDC (largest iron ore miner in India) and also sponge iron prices have been stable for last few weeks.” said an official from one of the premier mines.
On the other hand sponge manufacturers are hopeful that some price-cuts will generate demand for iron ore as most of the plants are still running at lower capacities.
“Some cuts in iron ore prices will certainly increase demand for iron ore and many plants which are running at under-capacity will improve their production levels.” said a sponge manufacturer based in Durgapur, West Bengal.
Leave a Reply