Odisha’s Essel Mining has increased INR 800/t further in the lump and INR 700/t fines today, sources have reported to SteelMint. The revised offer for lump (5-18 mm, Fe 62%) stands at INR 11,100/t (ex-mines, including Royalty, DMF & NMET) and that of fines at INR 7,700/t. Tighter availability of high-grade ore has further resulted in a price hike.
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