MSTC conducts Iron ore e-auction in Karnataka on behalf of various mines & stockyards. 2 MnT (up by 13% M-o-M) of Iron ore was sold in Jun’14 e-auctions.
In Jun’14, total Iron ore sales amounted to 2 MnT which is highest since Mar’ 14.
Iron ore fines bid prices in Karnataka’s e-auction by NMDC for Fe 60% increased by INR 225/MT to INR 2,550/MT (basic). Iron ore lumps bid prices for Fe 62% stood at INR 3,990/MT.
Private mines bid prices for Iron ore fines (Fe 60%) was at INR 2,600/MT (basic). Also, the Iron ore lump (Fe 55%) bid prices was at INR 3,141/MT (basic).
- Iron ore lumps sales decreased by 38% (M-o-M) and fines sales surged by 11% (M-o-M). Fines sales rose as a result of increased Pellet consumption by Sponge iron manufacturers
- Largest buyer was JSW Steel at 0.92 MnT (out of which 0.7 MnT comprised of fines, 0.2 MnT lumps & rest of ROM)
- Largest buyer of Iron ore fines was JSW Steel followed by BMM Ispat (0.1 MnT) & MSPL (0.08 MnT)
Karnataka Iron Ore E-auction in Jun’14
|
Mines |
Bid Qty |
Allotted Qty |
|
NMDC |
892,000 |
816,000 |
|
Other Mines & Stock Yards |
1,316,000 |
1,200,000 |
|
Total |
2,208,000 |
2,016,000 |
Qty in MT
Source: SteelMint Research
NMDC Donimalai & Kumarswamy Mines
|
Material type |
Bid Qty |
Allotted Qty |
|
Fines |
644,000 |
576,000 |
|
Lumps |
248,000 |
240,000 |
|
Total |
892,000 |
816,000 |
Qty in MT
Source: SteelMint Research
Top 5 Iron Ore Buyers of in Jun’14
|
Company |
Fines |
Lumps |
ROM |
Grand Total |
|
JSW Steel |
704,000 |
204,000 |
8,000 |
916,000 |
|
KEJ Minerals |
24,000 |
4,000 |
116,000 |
144,000 |
|
Suvan Steels |
– |
– |
140,000 |
140,000 |
|
R B Seth Shree Ram Narasingdas |
4,000 |
– |
120,000 |
124,000 |
|
BMM Ispat |
104,000 |
– |
– |
104,000 |
|
Total |
836,000 |
208,000 |
384,000 |
1,428,000 |
Qty in MT
Source: SteelMint Research
Note: Grade & bid prices are weighted average.
Leave a Reply