Odisha: Odisha based merchant miners are maintaining the same offers as of now except Essel Mining & Industries which has recently cut iron ore prices by INR 150/MT. As per market participants, there are less chances of price cut in lump as market has recovered in last 1 week. However, looking at increased inventory of fines with miners, prices of fines may see some reduction.
Odisha iron ore prices as on 06 Feb’16
|
Miner |
Size (mm) | Grade (Fe %) | Prices in INR/MT |
Change |
| Rungta Mines (Joda)* | 5-18 | 62 | 2,550 | 0 |
| 10-30 | 62 | 2,450 | 0 | |
| Fines | 62 | 1,700 | 0 | |
| Serajuddin Mines | 5-18 | 63 | 2,150 | 0 |
| Fines | 63 | 1,450 | 0 | |
| Essel Mining (Koira) | 5-18 | 62 | 2,050 | -150 |
| 10-30 (Sc) | 61 | 1,400 | -150 | |
| Fines | 63 | 1,275 | -150 | |
| KJS Ahluwalia | 5-18 | 63 | 2,150 | 0 |
| 10-30 | 62 | 2,050 | 0 | |
| Fines | 63 | 1,400 | 0 | |
| Kaypee Enterprises | 5-18 | 63 | 2,050 | 0 |
| 10-30 | 62 | 1,900 | 0 | |
| Fines | 63 | 1,450 | 0 | |
| Indrani Patnaik | 5-18 (Cr) | 63 | 2,150 | 0 |
| 10-30 | 62 | 2,050 | 0 | |
| Fines | 62 | 1,400 | 0 | |
| Fines | 60 | 1,050 | 0 |
*prices as per loaded to wagons & inclusive of Royalty
ex-mines prices & inclusive of Royalty
Source: SteelMint Research
Chhattisgarh: NMDC has kept iron ore prices unchanged for Feb’16 deliveries.
NMDC Iron Ore Prices for Feb’16
|
Size |
Grade (Fe %) |
Prices |
M-o-M |
| 10-40 mm, DR CLO | 67 | 2,180 | 0 |
| Baila lump , 6-40 mm | 65 | 1,800 | 0 |
| ROM, 10-150 mm | 65 | 1,610 | 0 |
| Blue Dust/ Fines | 64 | 1,560 | 0 |
Prices in INR/MT excluding DMF@30% of royalty
Royalty@15% and other taxes extra
Source: SteelMint Research
Karnataka: In the e-auctions conducted till 04 Feb’16, iron ore prices are as follows:
Private miners: Bid prices for lump (Fe 61.1) stood at INR 1,250/MT and for fines (Fe 62.3) was at INR 1,365/MT. Karnataka e-auction prices (basic) and grade are weighted average
Goa: The month of Jan’16 did not notice any iron ore e-auctions in Goa. And in Feb’16 (till date) there is by far no notification for e-auction in this month. Indian mines ministry has urged finance ministry for removal of export duty on low grade (below Fe 58%) extracted from Goa which is currently at 10%.
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