Iron ore prices in e-auction will remain unchanged.
Odisha Mining Corporation (OMC) has scheduled an iron ore e-auction on 17 June’15. The quantity put under e-auction is 155,000 MT from Koira Mines.
This time the total material has been offered from Koira Mines. The base prices has been kept unchanged as compared to previous auction. However, there is slight reduction in base price of iron ore fines 60-62 grade.
This material has been lastly offered in the auction conducted on 12 May’15, in which most of the material remained unsold.
Base Price Comparison in Iron Ore E-auctions
| Region | Size (mm) | Grade (Fe) | Price on 17 June’15 |
Price on 5 June’15 |
Price on 12 May’15 |
% Change | Qty Offered |
| Koira Mines | 10-40 | 62 | 3,200 | – | 3,200 | 0 | 110,000 |
| – 10 | 60-62 | 1,500 | – | 1,565 | 4% | 25,000 | |
| – 10 | 56-52 | 900 | 900 | – | 0 | 20,000 | |
| Total | 155,000 | ||||||
Quantity in MT
Base price in INR/MT on ex-mines basis; inclusive of royalty
Source: SteelMint Research
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