Iron ore sales through Karnataka e-auctions have increased considerably by 76% M-o-M from 1.5 MnT in Dec’14 to 2.64 MnT in Jan’15.
Iron ore sales via Karnataka e-auctions have surged to 2.64 MnT in Jan’15 making it to be the highest sales in this fiscal. Out of 5.62 MnT Iron ore offered, 2.64 MnT has been sold. In Jan’15, NMDC sold 1.13 MnT Iron ore via e-auctions, while, private miners sold 1.51 MnT.
Supplier-wise allotted Quantity
|
Supplier |
Fines | Lump | ROM | Sub Grade ROM |
Grand Total |
| NMDC | 724,000 | 404,000 | – | – | 1,128,000 |
| Lakshminarayana Mining Company | – | – | – | 536,000 | 536,000 |
| Mysore Minerals | 232,000 | 44,000 | – | – | 276,000 |
| SMIORE | 80,000 | 40,000 | – | – | 120,000 |
| RMML | 96,000 | – | – | – | 96,000 |
| Others | 296,000 | 76,000 | 52,000 | 57,000 | 481,000 |
| Total | 1,428,000 | 564,000 | 52,000 | 593,000 | 2,637,000 |
Quantity in MT
Source: SteelMint Research
E-auctions fetched flat bids in Jan’15. NMDC’s price for lump (Fe 62%) was INR 3,615/MT and fines (Fe 60%) at INR 2,545/MT. While, private miners prices for fines (Fe 61.57%) at INR 2,650/MT, lump (Fe 62.41%) at INR 3,500/MT and ROM (Fe 45%) at INR 450/MT. Subgrade ROM (Fe 50%) was sold at INR 1,470/MT.
Largest buyer was JSW Steel at 1.5 MnT, followed by Jayalaxmi Mineral (0.54 MnT) and BMM Ispat (0.15 MnT).
Top 5 Iron Ore Buyers in Jan’15
|
Company |
Fines | Lump | ROM | Sub Grade ROM |
Grand Total |
| JSW Steel | 1,076,000 | 392,000 | – | – | 1,468,000 |
| Jayaalaxmi Mineral | – | – | – | 536,000 | 536,000 |
| BMM Ispat | 140,000 | 8,000 | – | – | 148,000 |
| Kej Minerals | 8,000 | 4,000 | – | 57,000 | 69,000 |
| Janki Corp | – | – | 52,000 | – | 52,000 |
| Others | 204,000 | 160,000 | – | – | 364,000 |
| Total | 1,428,000 | 564,000 | 52,000 | 593,000 | 2,637,000 |
Quantity in MT
Source: SteelMint Research
Note: Grade & prices are weighted average.
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