Following the Supreme Court’s direction on Iron ore mining suspension for 10 merchant mines operating under second deemed renewal, Steel plants are fighting raw material shortfall to a certain level.
Pellet availability is also inadequate because of low Iron ore fines supply. The merchant mines accounted for about 27% (19.1 MnT) of India’s total Iron ore production in FY14. Looks like situation have started improving, after Odisha government renewed 7 Iron ore mines (out of which 4 belongs to TATA, 2 of SAIL and 1 of OMC).
OMC is offering Iron ore Lumps (10-40 mm, basis 62% Fe) from Kurmitar/Khandadhar Iron ore mines of Koira region in an open sale offer. Material, will be sold only to end-user plant in Odisha and eligible plants (Steel, Sponge iron and Pig iron plants) outside the state, at price of INR 4,250/MT (inclusive of royalty and exclusive of other taxes & duties as applicable).
Mines of Ghanashyam Misra & Sons, MG Mohanty, SN Mohanty and T P Mohanty are other sourcing options and are suppling Iron ore to Odisha, Jharkhand and West Bengal.
Ghanashyam Misra & Sons having mining operations in Gorumahisani in Mayurbhanj district of Odisha and capacity of nearly 0.75 MnT pa is offering the material at below mentioned prices.
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Ghanashyam Misra & Sons |
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|
Size (mm) |
Grade (Fe%) |
Prices (INR/MT) |
|
10-40 |
65 |
5,600 |
|
10-40 |
64 |
5,450 |
|
10-40 |
63 |
5,300 |
|
10-40 |
60-59 |
4,300 |
|
10-40 |
59-58 |
4,000 |
|
Fines |
57-59 |
1,500-2,000 |
Prices are as per loaded into wagons Source: SteelMint Research
M.G. Mohanty mines having Iron ore mining operations in Patabeda in Sundergarh district of Odisha and capacity of about 0.8 MnT pa is offering the material at below mentioned prices.
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M.G. Mohanty |
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|
Size (mm) |
Grade (Fe%) |
Prices (INR/MT) |
|
5-18 (Cr) |
65 |
5,850 |
|
5-18 |
60-62 |
4,100 |
|
5-18 (Sc) |
58-60 |
3,900 |
|
Fines (Cr) |
65 |
2,350 |
|
Fines |
62-65 |
2,100 |
|
Fines |
60-62 |
1,800 |
Ex-mines Prices Source: SteelMint Research Sc: Screened Cr: Crushed
S.N. Mohanty having Iron ore mining operations in Sundergarh district of Odisha with EC limit of 2 MnT pa and annual production of about 0.7 MnT is offering the material at below mentioned prices. They supply Iron ore to Odisha, Chhattisgarh & Jharkhand based buyers.
|
S.N. Mohanty |
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|
Size (mm) |
Grade (Fe %) |
Type |
Prices (INR/MT) |
|
10-40 |
58-60 |
Crushed |
3,650-3,750 |
|
10-40 |
57-59 |
Screened |
3,250-3,350 |
|
40-100 |
57-59 |
– |
3,050-3,150 |
|
– |
63 |
Fines |
2,500 |
|
All are ex-mines prices, inclusive of royalty, taxes extra |
Source: SteelMint Research |
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T P Mohanty mines has Iron ore mining operations in Naibega Katupali in Keonjhar district of Odisha and capacity of about 0.6 MnT pa. The miner isn’t offering the material presently as it has sold out the entire stock owing to high demand, after suspension of mining operations in Odisha.
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