Iron ore miners namely Rungta mines and Indrani Patnaik based in Odisha, have kept their Iron ore prices unchanged for the rest of Apr’14.
A source mentioned,“Iron ore prices remain unchanged on stable demand, as well as the market is not supportive for any increase in price. The rise in Sponge iron prices are only temporary. On 21 April, once the trucks movement resume, we’ll have more clarity on sentiments.”
|
Rungta Mines |
|||
|
Iron ore |
Grade (Fe) |
Prices (INR/MT) |
M-o-M |
|
5-18 mm |
65 |
6,600 |
-300 |
|
5-18 mm |
63 |
6,300 |
-300 |
|
10-30 mm |
65 |
5,950 |
-300 |
|
10-30 mm |
63 |
5,550 |
-300 |
|
Fines |
63 |
2,450 |
-200 |
|
Indrani Patnaik |
|||
|
5-18 mm |
63 |
4,950 |
-250 |
|
10-30 mm |
63 |
4,050 |
– |
|
Fines |
63 |
2,325 |
-325 |
Prices are as per loaded to wagons, including royalty & taxes extra
M-o-M: Month on Month change
Source: SteelMint
Odisha is the India’s largest Iron ore producing states with an annual production of 62-63 MnT, out of which 28 MnT is available for captive consumption; rest 34 MnT is for merchant sales. Iron ore production in Odisha is expected to increase by 4-5 MnT in FY15.
Iron ore production in FY15 is expected to increase from Rungta Mines, Essel Mining and Serajuddin Mines in Odisha.
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