Odisha based merchant miner, Serajuddin Mines has today reduced lump prices by INR 150/MT.
Current offers for Fe 63% lump (5-18 mm) are at INR 2,000/MT (ex-mines, inclusive of Royalty, DMF & NMET). Previous offers were assessed at INR 2,150/MT (ex-mines, inclusive of Royalty, DMF & NMET).
Prices for fines (Fe 63%) are at INR 1,300/MT (ex-mines, inclusive of Royalty, DMF & NMET).
The miner had last revised its prices on 09 Feb’16 and since then prices have remained unchanged.
Declining sponge iron prices and dull demand from sponge iron manufacturers has put Odisha iron ore prices under pressure.
Leave a Reply