Rungta Mines reduced lump prices by INR 200/MT today. Fines prices continue to remain unchanged.
Odisha based major merchant miner, Rungta Mines has reduced iron ore lump prices by INR 200/MT today. However fines prices continue to remain stable.
Rungta Mines Iron Ore Prices w.e.f 28 Oct’15
|
|
Grade (Fe %) |
Prices in INR/MT |
|
| 5-18 mm | 62 | 2,950 | -200 |
| 10-30 mm | 62 | 2,800 | -200 |
| Fines | 62 | 1,850 | 0 |
Prices as per loaded to wagons & inclusive of royalty
Source: SteelMint Research
Odisha’s 2 major merchant miners have reduced lump prices amid falling demand of lump due to depressed sentiments in steel industry. Yesterday Serajuddin Mines has reduced lump prices by INR 300/MT. This might pressurize other Odisha based merchant miners and they might also cut lump prices.
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