Odisha: Odisha merchant miners have kept iron ore prices unchanged. Bookings for lump have been descent however fines booking has remained poor over less demand.
Odisha iron ore prices as on 16 Jan’16
|
Miner |
Size (mm) | Grade (Fe %) |
Prices in INR/MT |
| Serajuddin Mines | 5-18 | 63 | 2,150 |
| Fines | 63 | 1,450 | |
| Rungta Mines (Joda)* | 5-18 | 62 | 2,550 |
| 10-30 | 62 | 2,450 | |
| Fines | 62 | 1,700 | |
| Essel Mining (Koira) | 5-18 | 62 | 2,200 |
| 10-30 (Sc) | 61 | 1,550 | |
| Fines | 63 | 1,425 | |
| KJS Ahluwalia | 5-18 | 63 | 2,150 |
| 10-30 | 62 | 2,050 | |
| Fines | 63 | 1,400 | |
| Kaypee Enterprises | 5-18 | 63 | 2,050 |
| 10-30 | 62 | 1,900 | |
| Fines | 63 | 1,450 | |
| Indrani Patnaik | 5-18 (Cr) | 63 | 2,150 |
| 10-30 | 62 | 2,050 | |
| Fines | 60 | 1,050 |
* prices as per loaded to wagons & inclusive of Royalty
ex-mines prices inclusive of Royalty
Source: SteelMint Research
Chhattisgarh: India’s single largest iron ore miner-National Mineral Development Corporation (NMDC) has rolled over prices for Jan’16.
NMDC Iron Ore Prices for Jan’16
|
Size |
Grade (Fe %) |
Prices |
| 10-40 mm, DR CLO | 67 | 2,180 |
| Baila lump , 6-40 mm | 65 | 1,800 |
| ROM, 10-150 mm | 65 | 1,610 |
| Blue Dust/ Fines | 64 | 1,560 |
Prices in INR/MT excluding DMF@30% of royalty
Royalty@15% and other taxes extra
Source: SteelMint
Karnataka: In the e-auctions conducted till 11 Jan’16, iron ore prices are as follows:
NMDC: Bid prices for lump (Fe 63.1) was at INR 1,445/MT and those for fines (Fe 62.3) stood at INR 1,195/MT
Private miners: Bid prices for lump (Fe 59.6) stood at INR 1,275/MT and for fines (Fe 60.6) was at INR 1,060/MT. Karnataka e-auction prices (basic) and grade are weighted average
Goa: No iron ore e-auctions in Goa have been conducted so far in Jan’16. The last e-auction was conducted on 24 Dec’15 in which base price for all offered material type and grade was fixed at INR 500/MT. Majority of the allotted lots fetched flat bids except a single lot containing fines (Fe 64%) situated at Codli mines which received bids at INR 630/MT.
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