Rungta Mines, one of the largest merchant miner of Iron ore based in the state of Odisha has lowered Iron ore lumps prices by Rs 300-400/MT w.e.f 18 June.
Whereas, offers for fines remain unchanged.
Rungta Mines Current Iron Ore Prices:
5-18 mm CLO Iron ore lumps Fe 65: Rs 7,100/MT, drop of Rs 400/MT
5-18 mm CLO Iron ore lumps Fe 63: Rs 6,800/MT, down by Rs 300/MT
Iron ore fines with Fe 63: Rs 2,300/MT
Demand in lumps has not been good in the last fortnight on account of which the miner has cut prices.
Buying in fines is decent and hence offers remain stable.
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