November 22, 2008

FOB prices for India iron ore fines dip in Orissa

It is reported that the FOB levels on Eastern Coast of India have seen a correction today.

Grade	Old	New	Change	%
61% / 60%	107	100	-7	-6.50%
63.5% / 62.5%	132	125	-7

In USD per tonne
FOB Haldia

But the Ex mines levels for domestic sales for iron ore fines on spot basis are reported to have remain unchanged

And on July 1st 2008, domestic prices iron ore in Burwil area of Orissa had gone up by INR 500 per tonne.

Product	Grade	Size	1-Jul	Change	%
Iron ore - BF	Fe 65%	10-40	5500	500	10.00%
Iron ore - Sponge	Fe 63%	05/18/08	6600	500

1. Rates are in INR per tonne
2. Rates are Ex mines but include loading into rakes
3. VAT or CST is in addition
4. Royalty is INR 19 per tonne for Fe content of 63 and INR 27 per tonne for Fe content of 65%

(Sourced from www.steelprices-india.com)