Indian Pellet producers maintain prices looking at stable demand. Prices are expected to stay constant in near future.
“Pellet manufacturers of East India indicate buying is decent as Iron ore shortfall exists and may not be resolve before August, 2014. Sponge iron plants are running short of inventory too.
On account of reduction in Pellet sponge prices in Bellary (Karnataka), stagnant demand resisted the uptrend in Pellet prices,” said traders.
|
Indian Iron Pellet Prices |
|||
|
Plant Name |
City |
Grade (Fe%) |
Prices |
|
Jindal Steel & Power* |
Barbil |
63 |
7,500 |
|
Arya Iron & Steel* |
Barbil |
63 |
7,500 |
|
Bhusan Power & Steel |
Jharsuguda |
63 |
8,100 |
|
Shyam Metalics & Energy |
Jharsuguda |
63.5 |
8,000 |
|
Brahmani River Pellets |
Jajpur |
64 |
7,600 |
|
Bajrang Power & Ispat |
Raipur |
63 |
8,300 |
|
Godawari Power & Ispat |
Raipur |
63/64 |
8,500 |
|
Adhunik Metaliks |
Tatanagar |
63 |
7,500 |
|
Rashmi Metaliks |
Durgapur |
63 |
7,400 |
|
Shyam Sel |
Durgapur |
63.5 |
8,150 |
|
KIOCL |
Mangalore |
63 |
8,250 |
|
MSPL |
Bellary |
62.5 |
8,000 |
|
Xindia Steels |
Hospet |
62 |
7,900 |
|
BMM Ispat |
Hospet |
61 |
7,600 |
|
60 |
7,300 |
||
|
Janki Corp |
Bellary |
60 |
7,100 |
Basic prices in INR/MT
*Prices are as per loaded to wagons
Source: SteelMint Research
Indian Sponge (P-DRI) Prices as on 25 Jun, 2014
|
Region |
Particular |
Grade |
Price |
Change |
W-o-W |
M-o-M |
|
East India |
Durgapur |
79-80 FeM |
18,800 |
-100 |
-400 |
-2,400 |
|
Central India |
Raipur* |
79-80 FeM |
19,950 |
-150 |
-50 |
-2,050 |
|
Raigarh |
79-80 FeM |
19,500 |
0 |
-200 |
-1,800 |
|
|
South India |
Hyderabad |
79-80 FeM |
20,000 |
0 |
+500 |
-700 |
|
Bellary |
75 FeM |
18,500 |
0 |
-200 |
-800 |
Basic prices in INR/MT
*Advance/Next day payment
Source: SteelMint Research
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