Iron ore offers remain firm
Steel Insights|May 2021
In a recent auction bids for around 24,000 tons of iron ore fines was received for a mine in Chhattisgarh for Fe 56-58%. The material was offered at ₹2700-3400 per ton including royalty, DMF and NMET.
Iron ore offers remain firm

Indian iron ore offers remained firm as material availability is still an issue, mainly for high-grade material, industry sources said.

Odisha iron ore fines of Fe 62 percent variety is recorded at around ₹6,700-7,600 per ton ex-mines, including Royalty, DMF & NMET.

Lump offers moved in the region of ₹10,800-11,000 per ton.

There seem to support for prices as material availability is still an issue, mainly for high grade.

OMC increased the base price by up to ₹1800-1900 per ton for upcoming iron ore auction for 1.38 million tons (mt).

Some Odisha-based major merchant iron ore miners have raised lump offers by ₹100 per ton with current offers for lumps 5-18 mm Fe 63 percent at around ₹11000 per ton ex-mines (including Royalty, DMF & NMET).

Another miner has also raised iron ore lump offers by ₹200-300 per ton with the current offer for Fe 10-40 mm 62 percent + grade at ₹10,600 per ton ex-mines.

In a recent auction bids for around 24,000 tons of iron ore fines was received for a mine in Chhattisgarh for iron ore fines Fe 56-58 percent. The material was offered at ₹2700-3400 per ton including Royalty, DMF and NMET.

Market sources expect NMDC to revise prices shortly.

هذه القصة مأخوذة من طبعة May 2021 من Steel Insights.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 2021 من Steel Insights.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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