India: Serajuddin's Iron Ore Production to Enhance with Mining Resumption at Suspended Block

Odisha's 2nd largest merchant miner- Serajuddin mines is likely to witness an increase in production volumes post resumption of operations at one of its block. The operations were suspended owing to technical issues.

As per the sources, iron ore production is expected to increase by around 5 MnT annually. This will add to supply of iron ore lump which was hampered from the past few months.

Notably, as per data maintained with SteelMint, Serajuddin iron ore production fell to 3.93 MnT during Jan-Sept'18 against 8.93 MnT in the same timeframe previous year.

Serajuddin mines have an EC limit of 15.15 MnT.

Odisha's based merchant iron ore miners are heard to have further increased discounts over announced offers to stimulate trade activities. According to sources, after the announced successive price hikes, iron ore demand has witnessed offering a continuous discount.