Rungta Mines, which had last increased its prices on 15 Nov’14, has maintained its prices at the same level in Odisha as well as in Jharkhand.
Odisha & Jharkhand based merchant miners have rolled over Iron ore prices. Ghanashyam Misra & Sons, which has mining operations in Gorumahisani, Mayurbhanj district of Odisha and environmental clearance (EC) of 0.75 MnT pa, has also rolled over the prices. Its current price for 5-18 mm (Fe 63%) is INR 6,900/MT and for 10-40 mm (Fe 65%) is INR 6,700/MT. Indrani Patnaik is not offering Iron ore as of now.
Rungta Mines (Odisha) Iron Ore Prices
|
Size (mm) |
Grade |
Prices |
| 5-18 | 65 | 7,700 |
| 5-18 | 63 | 7,400 |
| 10-30 | 65 | 7,050 |
| 10-30 | 63 | 6,650 |
| Blue Dust/Fines | 63 | 3,900 |
| Blue Dust/Fines | 60 | 3,100 |
| Blue Dust/Fines | 57 | 2,425 |
Prices in INR/MT; as per loaded to wagons & including royalty
Source: SteelMint Research
Iron Ore Prices in Jharkhand remain Unchanged: Rungta (Jharkhand mines) has kept its prices unchanged in Jharkhand. Fe 63% fines is being offered at INR 4,000/MT. Recently, Jharkhand HC has issued an order that Tata Steel can resume operations of its Jharkhand mines.
Weak buying from Sponge iron plants has pushed Barbil based Pellet makers to lower offers. Currently, Pellet price in Barbil is INR 7,500/MT. While, Sponge iron prices have corrected by INR 200-900/MT (M-o-M) owing to low buying interest from Ingot/Billet manufacturers.
Note: All prices are as per loaded into wagons; except Sponge iron prices.
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