Serajuddin Mines has reduced lump prices by INR 300/MT and kept fines prices unchanged.
Odisha based merchant miner, Serajuddin Mines has reduced lump prices by INR 300/MT however fines prices continue to remain unchanged. The miner is currently offering material only on ex-mines basis.
Serajuddin Mines Iron Ore Prices w.e.f 27 Oct’15
|
Size |
Grade (Fe %) |
Prices (Ex-mines) |
Change | |
INR/MT |
USD/MT |
|||
| 5-18 mm | 63 | 2,600 | -300 | -5 |
| Blue Dust/Fines | 63 | 1,600 | 0 | 0 |
Ex-mines prices in INR/MT including Royalty
1 USD=64.9 INR
Source: SteelMint Research
“Continuous decline in prices of finished steel and semi finished products has depressed the market sentiments. This has compelled plants to go for production cut or maintenance shutdown. Looking at the reduction in bookings of lump, we have reduced the prices”, shared a company official.
Serajuddin mines remained the 2nd largest iron ore producer in Odisha in H1 FY16 and produced 5.9 MnT iron ore in first half of this fiscal year.
The miner had last revised its prices on 01 Oct’15 in which it had raised fines prices by INR 200/MT.
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