Miners kept iron ore offers unchanged in the second week of 2016 on account of stable inventory levels, industry sources said.
Sources said miners in Odisha, like Rungta, Essel, Serajjudin and Indrani, who cut lumps prices in December, have kept both lumps and fines prices unchanged so far.
One source said miners are assessing the inventory position to take a call on prices.
Last month, state-run miner NMDC cut prices of iron ore by 15% to Rs 1,800 per ton in an effort to revive demand. Analysts believe the decision came after weak despatch volumes in November.
NMDC said it has achieved iron ore production of 20.08 million tons and sales of 20.32 mt up to December 31, 2015.
While NMDC produced 11.59 mt at its Chhattisgarh mines, it logged sales of 11.53 mt. In Karnataka, it produced 8.49 mt and achieved sales of 8.70 mt.
Following are prevailing domestic iron ore prices:
|
|
|
Price (ex-mines) |
Price (ex-mines) |
W-O-W |
Company |
Size |
Grade |
14-Jan-16 |
07-Jan-16 |
|
NMDC |
6-20mm |
65 |
1800 |
1800 |
0 |
|
10-150mm |
64 |
1610 |
1610 |
0 |
|
Fines |
64 |
1560 |
1560 |
0 |
Rungta |
5-18mm |
65 |
NA |
NA |
NA |
|
5-18mm |
63 |
2600 |
2600 |
0 |
|
10-30mm |
65 |
NA |
NA |
NA |
|
10-30mm |
63 |
2500 |
2500 |
0 |
|
Blue Dust |
63 |
1800 |
1800 |
0 |
Essel |
5-18mm |
63 |
2300 |
2300 |
0 |
|
10-30mm |
63 |
1600 |
1600 |
0 |
|
Blue Dust |
63 |
1500 |
1500 |
0 |
Serajuddin |
5-18mm |
63 |
2200 |
2200 |
0 |
|
Blue Dust |
63 |
1500 |
1500 |
0 |
Indrani |
5-18mm |
63 |
2200 |
2200 |
0 |
|
Blue Dust |
63 |
1500 |
1500 |
0 |
KJS Ahluwalia |
5-18 mm |
63 |
2200 |
2200 |
0 |
|
Blue Dust |
63 |
1500 |
1500 |
0 |
Source: Traders