Rungta mines has increased iron ore fines (Fe 62%) prices by INR 1,100/t recently, sources have reported SteelMint. Revised offers for iron ore fines (Fe 62%) stands at INR 9,600/t (ex-mines, including Royalty, DMF & NMET). The offers for iron ore lumps (5-18 Fe 62% crushed) stand at INR 12,700/t exw. The company produced 10 mn t iron ore in FY’21.
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