NMDC has reduced lump prices by INR 500/MT, fines by INR 300/MT and ROM by INR 440/MT for March, 2015.
India’s largest Iron ore producer, NMDC has reduced Iron ore prices by upto INR 500/MT for Mar’15. The miner had cut Iron ore prices by upto 11% in Feb’15.
NMDC Iron Ore Prices from Dec’14-Mar’15
|
Month |
10-150 mm | 10-40 mm, DR CLO | 6-40 mm |
Blue Dust/Fines |
| Mar’15 | 2,860 | 4,040 | 3,250 | 2,460 |
| Feb’15 | 3,300 | 4,540 | 3,750 | 2,760 |
| Jan’15 | 3,690 | 4,990 | 4,200 | 3,060 |
| Dec’14 | 3,690 | 4,990 | 4,200 | 3,060 |
Royalty @ 15%; bonus/penalty and other taxes extra
Source: SteelMint Research
NMDC Iron Ore Exports in Feb’15
NMDC Iron ore exports have fallen by 50% M-o-M. NMDC exported 0.14 MnT Iron ore in Feb’15 against 0.28 MnT in Jan’15.
|
Berthing Date |
Quantity | Vessel Name |
Loading Port |
| 8 Feb’15 | 70,000 | Sunny Eternity | Vizag |
| 22 Feb’15 | 73,300 | Tianjeen Pioneer | Vizag |
| Total | 143,300 |
Quantity in MT
Provisional data
Source: SteelMint Stats, Customs
NMDC Iron ore sales via Karnataka e-auctions have also witnessed a downtrend. Iron ore sales via Karnataka e-auctions have fallen from 1.09 MnT in Jan’15 to 0.4 MnT in Feb’15.
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