Odisha miners have held their Iron ore offers unchanged for next half of Aug’14 owing to uncertainty prevailing in the current market over pending decision on illegal mining.
Major merchant miners namely Rungta Mines & Essel Mining have maintained their Iron ore prices and will take a call after the decision over illegal mining is passed by the Supreme Court.
Trade Alerts
- Penguin Trading and Agencies is offering Iron ore lump (5-18 mm) at INR 5,400/MT ex-mines (Koira)
- SN Mohanty mines is offering Iron ore lump (10-30 mm) at INR 3,850/MT ex-mines (Koira)
Rungta Mines Iron Ore Prices
|
Place |
Size (mm) |
Grade |
Fe (%) |
Prices |
|
Joda |
5-18 |
DR |
65 |
7,100 |
|
5-18 |
DR |
63 |
6,800 |
|
|
10-30 |
BF |
65 |
6,450 |
|
|
10-30 |
BF |
63 |
6,050 |
|
|
Fines |
– |
63 |
2,950 |
|
|
Fines |
– |
60 |
2,300 |
|
|
Koira |
5-18 |
DR |
62 |
6,150 |
|
10-30 |
BF |
62 |
5,550 |
|
|
Fines |
– |
62 |
3,050 |
|
|
Fines |
– |
60 |
2,400 |
Prices in INR/MT, including royalty
Prices are as per loaded to wagons
Source: SteelMint Research
Marginal Improvement in Indian Pellet Prices: Indian Pellet manufacturers have raised their offers marginally by INR 100-200/MT owing to deteriorating supply of Iron ore in the merchant market.
Leave a Reply