Indian Iron Ore Prices for Dec'15

Odisha: Merchant miners in Odisha reduced lump prices. Fines prices continue to remain stable. Iron ore prices in domestic market are under pressure over declining price of semi finished goods.

Odisha iron ore prices as on 05 Dec’15

Mine	Size (mm)	Grade (Fe %)	Prices in INR/MT	Change
Serajuddin Mines	5-18	63	2,150	-150
Serajuddin Mines	Fines	63	1,450	0
Rungta Mines (Joda)*	5-18	62	2,550	-150
	10-30	62	2,450	-100
	Fines	62	1,700	0
Essel Mining (Koira)	5-18	62	2,200	-150
	10-30	61	1,550	-150
	Fines	63	1,425	0
KJS Ahluwalia	5-18	63	2,150	-200
	10-30	62	2,050	-200
	Fines	63	1,400	-50
Kaypee Enterprises	5-18	63	2,050	-200
	10-30	62	1,900	-250
	Fines	63	1,450	0
KMC	5-18	62	1,850	-400
	10-30	60	1,850	-400
	Fines	60	1,050	-50

* prices as per loaded to wagons & inclusive of Royalty
ex-mines prices inclusive of Royalty
Source: SteelMint Research

Chhattisgarh: NMDC reduced lump prices by INR 300-360/MT, fines prices remain stable for Dec’15 deliveries over reduced sales and weak global prices. Prior to this the miner made surprise price cut on 26 Nov’15 by upto INR 360/MT.

NMDC Iron ore Prices for Dec’15

Size	Grade (Fe %)	Prices	M-o-M*
10-40 mm, DR CLO	67	2,180	-720
Baila lump , 6-40 mm	65	1,800	-600
ROM, 10-150 mm	65	1,610	-220
Blue Dust/ Fines	64	1,560	0

Prices in INR/MT excluding DMF@30% of royalty * Comparison to 3rd Nov price
Royalty@15% and other taxes extra
Source: SteelMint Research

Karnataka: In the Karnataka iron ore e-auctions conducted so far in this month, iron ore prices are as follows.

NMDC (Donimalai mines): Bid prices for lump (Fe 62.5) stood at INR 1,575/MT and for fines (Fe 60.2) was at INR 1,140/MT

Private miners: Bid prices of private miners are as follows-fines (Fe 59.8)-INR 860/MT and lump (Fe 62.5)-INR 2,310/MT

Note: Karnataka e-auction bid prices are basic & weighted average

Indian Iron Ore Prices for Dec’15

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