Major merchant miners in Odisha have kept Iron ore prices unchanged as of now.
Odisha based major merchant miners have kept Iron ore prices unchanged. Rungta Mines, which produced 11.11 MnT Iron ore in FY15, has kept Iron ore prices unchanged. Other major miners namely Serajuddin Mines, Essel Mining and Indrani Patnaik have also followed the suit.
Iron ore prices have remain unchanged in Jharkhand too. Rungta Mines is offering Fe 63% fines at INR 2,800/MT (as per loaded into wagons in Jharkhand).
Iron Ore Prices for Apr’15
| State | Miner | Size | Grade (Fe %) | Price (INR/MT) | W-o-W | M-o-M |
| Odisha | Rungta | 5-18mm | 63 | 5,550 | 0 | 0 |
| Odisha | Rungta | 10-30mm | 63 | 4,900 | 0 | 0 |
| Odisha | Rungta | Fines | 63 | 2,400 | 0 | 0 |
| Odisha | Serajuddin | 5-18mm | 63 | 4,850 | 0 | 0 |
| Odisha | Serajuddin | Fines | 63 | 2,250 | 0 | 0 |
| Chhattisgarh | NMDC | 6-40mm | 65 | 3,250* | 0 | 0 |
| Chhattisgarh | NMDC | Fines | 65 | 2,460* | 0 | 0 |
| K’ntka E-auction | Private Mines | Lump | 61 | 2,640** | 0 | -170 |
| K’ntka E-auction | Private Mines | Fines | 60 | 1,750** | 0 | -150 |
* 15% royalty extra
** 15% royalty + 12 % Forest Development Tax (FDT) extra
Source: SteelMint
Recently, Arya Iron & Steel has reduced Pellet prices to INR 5,300/MT (loaded into wagons) on the backdrop of weak demand & declining Sponge iron prices.
Indian Pellet Prices
|
State |
City | Size | Fe (%) | Price (INR/MT) | W-o-W |
M-o-M |
| Odisha* | Barbil | 6-20mm | 63 | 5,200-5,300 | -400 | -550 |
| Odisha | Keonjhar | 6-20 mm | 63 | 5,000 | NA | NA |
| Odisha | Jharsugda | 6-20mm | 63 | 5,800 | 0 | 0 |
| Chhattisgarh | Raipur | 6-20mm | 63 | 6,150 | 0 | -125 |
| West Bengal | Durgapur | 6-20mm | 63 | 5,950 | 0 | NA |
| Karnataka | Hospet/Bellary | 6-20mm | 62 | 6,450 | -50 | NA |
| Gujarat** | Kandla | 6-20mm | 62 | 5,300 | NA | NA |
*Prices as per loaded into wagons
**delivered
Source: SteelMint
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