In May’15, iron ore sales via Karnataka e-auctions have moved up drastically against last month.
5.72 MnT iron ore was offered in the Karnataka e-auctions, out of which 3.08 MnT has been sold this month. Sales have increased by 76% against 1.75 MnT in Apr’15. NMDC sold 1.56 MnT iron ore and remaining 1.52 MnT was sold by private miners.
Supplier-wise Allotted Quantity
|
Supplier |
Fines | Lump |
|
| NMDC | 1,080,000 | 476,000 | 1,556,000 |
| Mysore Minerals | 556,000 | 128,000 | 684,000 |
| Sesa Sterlite | 212,000 | 68,000 | 280,000 |
| Veerabhadrappa Sangappa & Co | 188,000 | 20,000 | 208,000 |
| SMIORE | 96,000 | 32,000 | 128,000 |
| Others | 168,000 | 56,000 | 224,000 |
| Total | 2,300,000 | 780,000 | 3,080,000 |
Quantity in MT
Source: Karnataka DMG
Base & bid prices for fines (Fe 60.4%) offered by NMDC stood at INR 1,495/MT. While, for lump (Fe 62.5%) bid prices stood at INR 2,650/MT. Private mines fines (Fe 60.1%) was allotted at INR 1,290/MT and lump (Fe 61.8%) was sold at INR 2,420/MT. (Grade & prices mentioned are weighted average).
Private mines iron ore fines prices have declined this month. Bid prices for fines (Fe 60%) which was at INR 1,750/MT in Apr’15 has fallen to INR 1,290/MT.
71% of the allotted quantity (2.19 MnT) was procured by JSW Steel. Last month the steel maker procured 1.12 MnT iron ore from Karnataka e-auctions.
Bidder-wise Allotted Quantity
|
Company |
Fines | Lump |
|
| JSW Steel | 1,664,000 | 528,000 | 2,192,000 |
| BMM Ispat | 208,000 | – | 208,000 |
| Janki Corp | 88,000 | – | 88,000 |
| Gerdau Steel India | 56,000 | 20,000 | 76,000 |
| Minera Steel And Power | 52,000 | – | 52,000 |
| Others | 232,000 | 232,000 | 464,000 |
| Total | 2,300,000 | 780,000 | 3,080,000 |
Quantity in MT
Source: Karnataka DMG
Note: Prices mentioned above are basic
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