Odisha: Merchant iron ore miners in Odisha for Jan’17 increased iron ore prices amid price improvement in sponge iron & finished steel. Lump prices increased up to INR 300/MT and fines prices up to INR 150/MT.
Odisha iron ore prices as on 11 Jan’17
|
Miner |
Size (mm) | Grade (Fe%) | Prices in INR/MT |
M-o-M (in INR/MT) |
| Rungta Mines (Joda)* | 5-18 | 62 | 3,600 | +300 |
| 10-30 | 62 | 3,400 | +250 | |
| Fines | 63 | 1,675 | +125 | |
| Serajuddin Mines | 5-18 | 63 | 2,700 | +200 |
| Fines | 63 | 1,350 | +150 | |
| Essel Mining (Koira) | 5-18 | 62 | 2,800 | +275 |
| 10-30 | 61 | 2,700 | +275 | |
| Fines | 63 | 1,175 | +125 | |
| KJS Ahluwalia | 5-18 | 63 | 2,900 | +250 |
| 10-30 | 61 | 2,750 | +200 | |
| Fines | 63 | 1,375 | +125 | |
| Kaypee Enterprises | 5-18 | 63 | 2,800 | +250 |
| 10-30 | 62 | 2,650 | +200 | |
| Fines | 63 | 1,385 | +125 | |
| Indrani Patnaik* | 5-18 | 63 | No Offers | – |
| Fines | 62 |
Ex-mines prices in INR/MT
*Prices as per loaded to wagons & inclusive of Royalty, DMF & NMET
Source: SteelMint Research
Chhattisgarh – The miner has raised iron ore prices for Jan’17 deliveries. Baila lump, fines and ROM moved up by INR 125/MT and DR-CLO by INR 140/MT. Hike in global iron ore prices (up by USD 7/MT M-o-M in Dec’16) and increase in domestic finished steel prices led to increase in iron ore prices.
NMDC (C.G.) iron ore prices
|
Size |
Grade (Fe %) | Prices |
M-o-M (in INR/MT) |
| 10-40 mm, DR CLO | 67 | 2,560 | +140 |
| Baila lump , 6-40 mm | 65 | 2,225 | +125 |
| ROM, 10-150 mm | 65 | 2,015 | +125 |
| Blue Dust/Fines | 64 | 1,985 | +125 |
F.O.R prices in INR/MT w.e.f 03 Jan’17
Royalty, DMF, NMET & other taxes extra
Source: SteelMint Research
Goa: No iron ore e-auction has been conducted so far in this month. Last (18th) e-auction was held on 22 Nov’16. Base prices remained unchanged at INR 500/MT for all material type across all grades. Lots containing higher Fe content fetched higher bids.
Karnataka: NMDC lifted iron ore base prices in Jan’17 Karnataka e-auctions by about INR 100-140/MT M-o-M. Base prices of lump (Fe 62.2%) offered by NMDC Donimalai mines stood at INR 2,397/MT and fines (Fe 60.2%) at INR 2,083/MT. Base prices for NMDC Kumaraswamy mines are currently as follows: fines (Fe 59.5%) stood at INR 1,805/MT and lump (Fe 62.1%) stood at INR 1,935/MT.
Talking about private miners, base price of lump (Fe 56.4%) offered by B.Rudra Gouda stood at INR 1,530/MT (basic).
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