Odisha based merchant miners have kept iron ore offers firm this week. However, production is learned to have remained low amid monsoons.
SteelMint’s assessment for Odisha iron ore lump (5-18mm, Fe 63%) stands at INR 3,700-3,900/MT and for fines, Fe 63% is at around INR 1,900-2,000/MT (ex-mines, inclusive of Royalty, DMF & NMET).
Odisha Mining Corporation has scheduled its next iron ore fines e-auction on 12th Sep’19, base prices decreased upto INR 350/MT against the base price of the previous e-auction conducted on 12th July’19.
Mine-wise iron ore prices -:
| Miners | Material Type and Grade | Prices INR/MT |
| Serajuddin | Fines (Fe 63%) | 2000 |
| Lumps (5-18mm), Fe 63% | 3700 | |
| Kaypee Enterprises | Fines (Fe 63%) | 2000 |
| Lumps (5-18mm), Fe 63% | 3750 | |
| Lumps(10-30mm),Fe 63% | 3050 | |
| KJS Ahluwalia | Fines (Fe 63%) | 2000 |
| Lumps (5-18mm), Fe 63% | 3850 | |
| Lumps(10-30mm),Fe 63% | 3150 | |
| Indrani | Fines (Fe 63%) | 2000 |
| Lumps (5-18mm), Fe 63% | 3600 | |
| Lumps(10-30mm),Fe 63% | 3000 |
Ex-mines Price, Royalty, DMF and NMET (included)
Prices mentioned are, as received from market sources
Source- SteelMint Research
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