National Mineral Development Corporation (NMDC) has kept the iron ore base prices unchanged for Karnataka e-auctions to be held in Aug’17. It is to be noted the miner had reduced the iron ore base prices between INR 145/MT to INR 225/MT for the material last month.
The company has announced to keep the prices unchanged for Aug’17 deliveries in Chhattisgarh as well.
For Aug’17 base prices for NMDC Donimalai fines (Fe 60.2%) remains at INR 2,076/MT and lump (Fe 62.5%) – INR 2,427/MT.
|
Grade (Fe %) |
NMDC Donimalai E-auction Iron Ore Base Prices for Apr’17 in in INR/MT |
|||
|
Fines |
M-o-M |
Lump |
M-o-M |
|
|
67 |
3,068 |
= |
3,127 |
= |
|
66 |
2,947 |
= |
3,012 |
= |
|
65 |
2,827 |
= |
2,897 |
= |
|
64 |
2,706 |
= |
2,782 |
= |
|
58 |
1,980 |
= |
2,093 |
= |
|
57 |
1,859 |
= |
1,978 |
= |
Base prices mentioned are basic
Source: SteelMint Research
NMDC produced 12 MnT iron ore from its Karnataka based mines in FY17. The miner accounts for nearly 45% share in state’s iron ore production. It operates two mines in Karnataka state namely Donimalai and Kumaraswamy.
NMDC accounted for 46% share in total allotted quantity via e-auctions in FY17.
Leave a Reply