 "iron ore")
Merchant miners in Odisha have hiked prices of 62 Fe grade iron ore prices by more than nine per cent within two weeks as international prices climbed on sustained demand from China. With benchmark prices of high-grade fines touching $80 per tonne, more material is getting diverted to export markets, leaving the domestic steel makers in a tight spot.
Between August 10 and 23 this year, iron ore fines prices have been hiked from Rs 1,300 to Rs 1425 a tonne, an increase of 9.6 per cent. Prices of lumps in the same period have also been raised by 9.8
