The miner in its latest price revision has raised lump prices by INR 275/MT and fines prices by INR 125/MT.
Iron ore prices have moved up on the back drop of strengthening sponge iron prices. C-DRI prices have increased amid improved trades and rise in billet prices and in eastern parts of India sponge iron prices have gone up by INR 800-1,100/MT M-o-M.
So far in this fiscal (till Nov’16), miner’s iron ore production was recorded at 2.37 MnT.
Essel Mining (Koira) iron ore prices
|
Size (mm) |
Grade (Fe %) | Prices in INR/MT | Change | |
| Ex-mines |
Loaded to wagons |
|||
| 5-18 mm | 62 | 2,800 | 3,150 | +275 |
| 10-30 mm | 61 | 2,700 | 3,050 | +275 |
| Fines | 63 | 1,175 | 1,525 | +125 |
| Fines | 64 | 1,275 | 1,625 | +125 |
Prices inclusive of Royalty, DMF and NMET w.e.f 29 Dec’16
Source: SteelMint Research
It is to be noted that Essel Mining had reduced lump prices by INR 250/MT and fines by INR 100/MT on 01 Dec’16 while other Odisha miners had kept iron ore offers unchanged.
Other Odisha based merchant miners continue to maintain same offers as of now and are yet to take a call on prices.
Leave a Reply