The Odisha Mining Corporation Ltd.(OMC),a Govenment of Odisha miner had received bids lower by up to Rs 1,000/t for iron ore lumps, which had been tendered last month. Company put for sale 76,100 tonnes of sized iron ore of various grades being produced at different iron ore mines of OMC Ltd. at Barbil, Gandhamardan & Daitari Region in Keonjhar District and Koira Region in Sundargarh District (Odisha).
Participants mention that prices have been cut due to falling sponge iron prices across India. They also mention that Chattisgarh based steel units have placed highest bids. Current H1 bids are as follows
Mines, Size, Grade, Current Price, Previous Price, Bidder, State
Barbil 10-40mm 62%= Rs 3,701/t, Rs 4,005/t – Vandana Global- Chattisgarh
Gandhamardhan 10-40mm 62%= Rs 3,701/t, Rs 3,801/t – Vandana Global
Gandhamardhan 5-18mm 64%= Rs 5,007/t, Rs – Aarti Sponge , Chattisgarh
Koira10-40mm 62%= Rs 4,151/t, Rs 5050/t – Monnet Ispat, Chattisgarh
Koira 5-18mm 65%= Rs 5,151/t, Rs 6,200/t – Govinda Projects, Odisha
Daitari 10-40mm 62%= Rs 3,500/t, Rs 4,000/t Maithan Ispat, Odisha
Recently Rungta mines and Essel Mining had also cut their iron ore lumps prices by Rs 300-400/t earlier this month.
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