India: Iron Ore Prices remain Stable in Odisha & Jharkhand

Odisha based major merchant miners have kept their Iron ore prices at the same level. Prices have been unaltered since 16 Feb, 2015.

Rungta Mines (Odisha) Iron Ore Prices

Size (mm)

Grade (Fe%)

Prices

5-18 65 5,850
5-18 63 5,550
10-30 65 5,200
10-30 63 4,800
Blue Dust/Fines 63 2,400

Prices in INR/MT
Prices are on FoR siding basis; including royalty
Source: SteelMint Research

Serajuddin Mines is offering 5-18 mm Fe 63% at INR 4,850/MT and fines of same grade at INR 2,250/MT (prices are as per loaded into wagons and including royalty). Other major miners namely Essel Mining and Indrani Patnaik have also rolled over their prices because of stable demand.

Indrani Patnaik Iron Ore Prices

Size (mm)

Grade (Fe)

Prices

5-18 63 4,400
10-30 63 3,700
Fines 62 1,800
Fines 60 1,400

Ex-mines prices in INR/MT; including royalty
Source: SteelMint Research

Rungta Mines (Jharkhand) Iron Ore Prices: Rungta Mines is offering Fe 63% fines at INR 2,800/MT (as per loaded into wagons in Jharkhand).

Sponge Iron Prices (C-DRI) move up: Sponge iron (C-DRI) prices have surged by upto INR 1,500/MT W-o-W.


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