Serajuddin Mines has reduced lump prices by INR 150/MT and kept fines prices unchanged as of now.
Odisha based merchant miner, Serajuddin Mines has reduced lump prices by INR 150/MT however fines prices continue to remain unchanged for now.
”Iron ore lump bookings have fallen sharply in the past days which has led to price cut in lump. However, fines prices continue to remain same as of now”, shared a company official.
Serajuddin Mines Iron Ore Prices w.e.f 01 Dec’15
|
Size |
Grade (Fe %) | Prices (Ex-mines) | Change | |
| INR/MT |
|
|||
| 5-18 mm | 63 | 2,150 | -150 | -2 |
| Blue Dust/Fines | 63 | 1,450 | 0 | 0 |
Ex-mines prices in INR/MT including Royalty
1 USD=66.8 INR
Source: SteelMint Research
The miner has cut lump (5-18 mm) prices by INR 750/MT since beginning of Oct’15. While, fines prices of Serajuddin mines have reduced by INR 150/MT in the same time frame.
Following price cut of Serajuddin Mines other merchant miners in Odisha are also likely to cut iron ore prices. Market participants highlighted that owing to sluggish demand in semi finished and finished products, both lump and fines prices are expected to witness reduction in this week.
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