Odisha: Few Odisha merchant miners raised iron ore prices over state govt’s notification of submission of District Mineral Fund (DMF) and National Mineral Exploration Trust (NMET).
Odisha iron ore prices
|
Miner |
Size (mm) | Grade (Fe %) | Prices in INR/MT |
Change |
| Rungta Mines (Joda)* | 5-18 | 62 | 2,750 | +200 |
| 10-30 | 62 | 2,650 | +200 | |
| Fines | 62 | 1,650 | +100 | |
| Serajuddin Mines | 5-18 | 63 | 2,150 | 0 |
| Fines | 63 | 1,300 | 0 | |
| Essel Mining (Koira) | 5-18 | 62 | 2,050 | 0 |
| 10-30 (Sc) | 61 | 1,400 | 0 | |
| Fines | 63 | 1,275 | 0 | |
| 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 | |
| Indrani Patnaik | 5-18 (Cr) | 63 | 2,150 | 0 |
| 10-30 | 62 | 2,050 | 0 | |
| Fines | 62 | 1,250 | 0 |
*prices as per loaded to wagons & inclusive of Royalty, DMF & NMET
ex-mines prices & inclusive of Royalty, DMF & NMET
Source: SteelMint Research
Chhattisgarh: NMDC increased iron ore prices over rise in global iron ore prices and costlier imports.
NMDC Iron Ore Prices for Mar’16
|
Size |
Grade (Fe %) | Prices |
Change |
| 10-40 mm, DR CLO | 67 | 2,250 | +70 |
| Baila lump , 6-40 mm | 65 | 1,950 | +150 |
| ROM, 10-150 mm | 65 | 1,750 | +140 |
| Blue Dust/ Fines | 64 | 1,710 | +150 |
Prices w.e.f 11 Mar’16 in INR/MT excluding DMF@30% of royalty
Royalty@15% and other taxes extra
Source: SteelMint Research
Karnataka: Till e-auctions conducted on 4th Mar’16 by private miners prices have remained as follows-Bid price of lump (Fe 60.1) is at INR 1,345/MT and for fines (Fe 60.1) it is at INR 1,090/MT (Weighted average grade & prices (basic) in INR/MT.
Goa: The state did not witness any e-auction in last two months. And by far in Mar’16 also no e-auction has been held so far. However Goa DMG has notified for immediate auction of entire balance quantity i.e. 7.76 MnT via 15th e-auction.
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