Pellet and Steel makers in Central India seek different Iron ore sourcing options amid restricted supply from Odisha.
Katni (MP) based processing units offers 63% Fe Iron ore concentrate at around INR 3,000/MT, according to market participants. Katni region located in Central India is known for low grade Iron ore and has an annual capacity of 3-4 MnT.
Recent restriction imposed on Iron ore mining in Odisha has forced Pellet & Steel manufacturers to look at alternative options.
Market traders have mentioned that Essar Steel has bought some quantity of lumps sized 10-40 mm for its Hazira plant. Apart from this, Uttam Galva and Jindal Saw along with Raipur based Pellet manufacturers have been sourcing Iron concentrate from that region consistently.
Currently, Fe 53% CLO is being offered at INR 2,300/MT, 55% 10-40 mm at INR 2,900/MT and fines of Fe 55% at around INR 1,400/MT. (Prices including Royalty)
Tentative Freight from Katni (M.P.) to various Steel and Pellet making Regions in India
|
Unloading Regions |
State |
By Road |
By Rail |
|
Raipur |
Chhattisgarh |
950 |
750 |
|
Chandrapur |
Maharashtra |
850 |
1,350 |
|
Hazira |
Gujarat |
2,100 |
2,200 |
|
Durgapur |
West Bengal |
– |
1,600 |
|
Jharsugda |
Odisha |
– |
1,000 |
|
Tatanagar |
Jharkhand |
– |
1,450 |
Freight rates only for reference purpose
Railway freight does not include local transporting and handling charges
Leave a Reply