Iron ore prices fall by Rs 300-800/MT in OMC tender for Oct-Dec’12

Iron ore tendered by Orissa Mining Corporation for
Oct-Dec’12 fetched lower bids. Prices fell in the range of Rs 300-800/MT for
high grade iron ore lumps.

Current Bids for Iron
ore Lumps

Koida

10-40mm 65% = Rs 4,805

5-18mm 65% = Rs 6,514 (Previous Rs 7,404)

Daitari 

10-40mm 63% = Rs 4,000 (Previous Rs 4,338)

No quotation was available for Iron ore lumps from Barbil
and Gandhamardan Region at OMC Tenders

Current Bids for Iron
ore fines

Gandhamardan Region–               

Fines 58-60% = Rs 1,151

Fines 54-58% = Rs 900

Note: All prices including royalty, taxes as applicable