Odisha’s Essel Mining has today increased iron ore lump offers by INR 1,200/t and fines by INR 725/t, credible sources reported to SteelMint. Offer for lump (5-18 mm, Fe 62%) stands at INR 9,800/t (ex-mines, including Royalty, DMF & NMET) and that of fines at INR 6,500/t. Lump offers of Essel Mining have hit a record high according to the data maintained with SteelMint. Sharp hike in bids seen in yesterday’s OMC auction has further fuelled merchant miners to raise offers.
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