Odisha based merchant miner KJS Ahluwalia has revised iron ore prices. The miner has raised lump prices by INR 150-200/MT while fines prices have moved up by INR 75/MT.
Market sources shared that lump prices have moved up over Odisha govt.’s notification of collection of DMF and increase in iron ore royalty rates.
KJS Ahluwalia and Kaypee Enterprises iron ore prices
|
Miner |
Size (mm) | Grade (Fe %) | Prices in INR/MT |
Change |
| KJS Ahluwalia | 5-18 | 63 | 2,350 | +200 |
| 10-30 | 62 | 2,200 | +150 | |
| Fines | 63 | 1,275 | +75 | |
| Kaypee Enterprises | 5-18 | 63 | 2,200 | +150 |
| 10-30 | 62 | 2,100 | +200 | |
| Fines | 63 | 1,275 | +75 |
Ex-mines prices in INR/MT w.e.f 01 Mar’16
Prices inclusive of Royalty & DMF
Source: SteelMint Research
The miner has produced 3.12 MnT iron ore in FY16 (till Jan’16).
Other merchant miners have kept prices unchanged as of now however price revision of KJS Ahluwalia may create pressure on others as well.
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