For the first time, Paradip, which used to be a major iron ore exporting port, will handle the consignment of about 55,000 tonnes of iron ore pellets being imported from Brazil.
Bhushan steel based in Orissa have imported first vessel of iron ore pellets at Paradip port, which is expected to come on 24th May.
Citing difficulties in sourcing the mineral locally largely due to restrictions imposed by the Odisha Government on mining and transportation of iron ore in the State, the steel plant has opted for the import route to meet its requirement. The indication is that it will also import lumpy ore and the size of the import could be between 2.5 lakh tonnes and three lakh tonnes in the current fiscal, said market sources.
Current pellets prices in Barbil (Odisha) is offered at Rs 9700/t (Loaded to wagons).
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