Serajuddin Mines has reduced lump prices by INR 300/MT and fines prices by INR 100/MT.
Odisha based merchant miner, Serajuddin Mines has reduced lump prices by INR 300/MT, and fines prices by INR 100/MT. The miner is currently offering material only on ex-mines basis. Prices have fallen over the backdrop of subdued demand and limited bookings. It had last cut prices on 24 June’15, since then prices have remain unchanged.
Serajuddin Mines Iron Ore Prices
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Grade | Prices (Ex-mines) | Change | |
| in INR/MT |
|
|||
| 5-18 mm | 63 | 3,250 | -300 | -5 |
| Blue Dust/Fines | 63 | 1,500 | -100 | -2 |
Prices in INR/MT including Royalty
Source: SteelMint Research
The miner has an Environmental Clearance (EC) of 15.15 MnT pa. Its iron ore production & sales in H1 2015 stood at 7.54 MnT and 5.58 MnT respectively.
Essel Mining has also reduced iron ore prices by INR 300-400/MT. Reduction in prices might put other miners under pressure and they might also cut prices.
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